Coinbase Announces Upcoming Crypto Operating Accounts for Start-Ups and Small Businesses

The top US-based crypto exchange platform by trading volume is announcing upcoming crypto-related operating accounts for start-ups and small businesses.

In a new company blog post, Coinbase says it’s launching Coinbase Business, a regulatory-compliant all-in-one financial platform for start-ups and small firms that would allow them to manage crypto assets, receive payments, and automate financial workflows.

According to Coinbase, traditional finance serves as a barrier to success for smaller businesses, with crypto assets being the solution.

“Startups struggling to hire and reliably pay global talent, small family-owned businesses taken through the wringer by credit card fees, interest rates and chargebacks, a new restaurant’s books wrecked by long settlement cycles – all factors that eat into the efficiency and earning potential of almost all businesses today.

Crypto and stablecoins solve this exact problem for all of the above with fast, global, and low-cost money movement.”

Coinbase Business will offer business owners a quick and easy way to settle payments using digital assets, trade and manage their crypto portfolios, earn passive income via stablecoin rewards, streamline accounting using third-party software, and onboard new users.

“We’re bringing [our] security, scale, and compliance to everyday businesses with Coinbase Business – a modern financial stack built with the speed and scale of crypto.

Coinbase Business is purpose-built for modern operations and designed to streamline financial workflows for small-to-medium-sized businesses (SMBs) and startups.”

Customers can currently apply for early access to the Coinbase Business alpha, a preliminary version of the platform.

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