Coinbase announces Canadian expansion
Today, Coinbase announced its Canadian expansion with a series of new offerings.
Through its partnership with Peoples Trust Company, part of Peoples Group, Coinbase is now providing access to Interac e-Transfers to Canadian Coinbase users, making it secure and simpler than ever to move money in and out of one’s account. This will make cryptocurrencies more accessible to millions of Canadians.
Depositing funds to Coinbase using Interac is free and almost instant. In the last month, over 50% of deposits have been made through Interac e-transfer.
Starting today, Canadian Coinbase users can also maximize the full potential of crypto with the best of Coinbase through membership with Coinbase One. Free for all users for 30 days, Canadians now have access to zero trading fees, boosted staking rewards, priority 24/7 support, and more.
“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,” said Nana Murugesan, Vice President, International and Business Development, Coinbase. “As Coinbase’s next Go Deep Market, we are making significant investments to help Canadians access the benefits of cryptocurrency.”
These announcements are the latest of several commitments Coinbase has made to grow in Canada.
In March, Coinbase signed an enhanced Pre-Registration Undertaking (PRU), and continues working with regulators and policymakers on a strong digital currency regulatory framework for Canadians.
The company has hired Lucas Matheson as Coinbase’s Canadian Country Director.
Also, Coinbase has built a tech hub with almost 200 full-time employees who are helping build Coinbase products. This makes Canada Coinbase’s largest tech hub outside the U.S. Coinbase is also one of Canada’s largest crypto employers.