Coinbase Global (COIN) has launched Coinbase Business in Singapore, marking its first international market outside the US. This move is part of COIN’s international expansion strategy to become the industry’s premier “everything exchange.”

COIN’s Coinbase Business in Singapore is powered by USDC stablecoin and in partnership with Standard Chartered. The initiative aims to help companies use digital assets for various financial functions like payments, treasury management, cross-border settlements, and payroll.

Coinbase’s international operations are expanding rapidly, with a presence in countries like Australia, Brazil, India, the UK, and Switzerland. The company is focused on diversifying its revenue streams and reducing dependence on US operations, with international revenues contributing significantly to its overall revenue growth.

Circle Internet Group (CRCL) and Robinhood Markets (HOOD) are also expanding internationally to tap into global markets and diversify their revenue streams. CRCL is strengthening its position as a global fintech powerhouse, while HOOD is addressing the rising demand for retail investing worldwide.

COIN’s stock performance has been strong, with shares up 14.4% year to date, outperforming the industry average. However, COIN’s valuation is relatively high, trading at a P/E ratio of 46.36, above the industry average. Analysts are optimistic about COIN’s revenue growth in 2025 and 2026, but EPS estimates show mixed results for those years.

Read more at Nasdaq: Will Coinbase Business’ Debut in Singapore Drive Global Expansion?