Coinbase Expands North to Welcome Canada

Coinbase has stamped its presence in Canada. Having launched on August 14, Canadians can now access and enjoy Coinbase’s array of services. The expansion doesn’t just stop at granting access; it comes with a significant feature. In a strategic move, Coinbase has partnered with Peoples Trust Company to incorporate Interac e-Transfers.

Thanks to this integration, Canadians on Coinbase can now enjoy a smoother transaction experience. In fact, over the past month, a notable chunk of deposits came via Interac e-Transfers, showcasing its immediate appeal.

But there’s more on the plate for Canadian users. Coinbase has rolled out the “Coinbase One” membership specifically for them. To let users dip their toes and experience its benefits, a 30-day trial is up for grabs for new sign-ups.

Why the move to Canada? Nana Murugesan, who spearheads international and business development at Coinbase, shed light on this.

“Canada is well positioned to be a global leader in the cryptoeconomy thanks to the high levels of crypto awareness, a passionate local tech ecosystem, and the progress towards a strong regulatory framework,” she shared with investors.

In its journey to integrate seamlessly with Canada, Coinbase didn’t leave any stone unturned. Earlier, they proactively engaged with Canadian regulations by signing Pre-Registration Undertaking. Their commitment to the Canadian market is also evident in their recruitment. Lucas Matheson now leads their Canadian operations as the Country Director. Furthermore, the establishment of a tech hub in the nation underscores Coinbase’s view of Canada as a pivotal region beyond the US borders.