Coinbase Introduces Crypto Platform for Small and Medium Businesses
- Coinbase launches an all-in-one financial platform for small and medium businesses to manage assets and receive crypto.
- Businesses can earn up to 4.1% APY on USDC stablecoins held in their accounts.
- The platform offers instant settlements, multi-user access, and integrates with QuickBooks and Xero.
- Self-service onboarding allows approval in as little as two days.
- Coinbase Business competes with fintechs like Mercury, Brex, and crypto payment firms such as BitPay.
Coinbase’s new business platform aims to streamline financial operations by integrating crypto capabilities with traditional accounting tools, providing a modern solution for startups and small businesses facing outdated banking systems.
With features like instant settlements and the ability to earn yield on USDC, Coinbase positions its service as a comprehensive “crypto operating account.” Source
