8 September 2015.
The Bitcoin company Coinbase has just launched in Singapore, its first entry into the Asian market.
Coinbase allows users to buy the virtual currency Bitcoin, and the Singapore dollar option was added earlier this week, allowing Singaporean users to buy and sell Bitcoin.
A spokesperson from Coinbase, which also operates in Europe and North America, commented on the expansion, saying: “Our mission at Coinbase is to make payments more open and efficient around the world… This move into Asia [is] especially exciting for us, as it marks the first time that Coinbase has been able to fully service consumers in this massive market.”
It will face competition from rivals already established in Singapore such as itBit, CoinPip, Coin Republic and Bitcoin Exchange Singapore.
