Coinbase announced today a series of new offerings to expand into Canada. Through its partnership with Peoples Trust Company, a subsidiary of Peoples Group, Coinbase now enables Canadian users to access Interac e-Transfers, making it safer and easier for individuals to deposit and withdraw funds from their accounts. This will make cryptocurrencies more accessible to millions of Canadians.
Revolutionary Innovation from Coinbase
Depositing funds into Coinbase using Interac is free and almost instant. Last month, over 50% of deposits were made through Interac e-transfer. Starting today, Canadian Coinbase users with Coinbase One membership can maximize the full potential of cryptocurrency with Coinbase’s top-tier features. Canadians, who can enjoy a free trial for 30 days, will now have access to zero transaction fees, enhanced staking rewards, 24/7 priority support, and more.
Nana Murugesan, Vice President of International and Business Development at Coinbase, stated:
“Canada is well-positioned to be a global leader in the crypto economy, with high levels of crypto awareness, a passionate local tech ecosystem, and progress toward a strong regulatory framework. As Coinbase’s next Go Deep Market, we are making significant investments to help Canadians access the benefits of cryptocurrency.”
These announcements highlight Coinbase’s ongoing commitment to expanding in Canada.
Coinbase Continues its Moves in the Bear Market
In March, Coinbase signed an Enhanced Pre-Registration Undertaking (PRU) and continues to collaborate with regulators and policymakers on a robust digital currency regulatory framework for Canadians. The company has hired Lucas Matheson as Coinbase’s Country Director for Canada.
Additionally, Coinbase has established a technology center with approximately 200 full-time employees who contribute to the development of Coinbase products. This makes Canada Coinbase’s largest technology center outside of the United States. Coinbase is also one of the largest crypto employers in Canada.
