Coinbase Launches New Services in Canada Eyeing Dominance

• Users in Canada may utilize Interac e-Transfers thanks to Coinbase’s collaboration.
• Over 30% of Canadians want to purchase cryptos over the next 12 months as per poll.

In order to better serve its Canadian customers, Coinbase has partnered with Peoples Trust Company to provide Interac e-Transfers. Coinbase wants to significantly increase its presence in Canada in light of the country’s crypto-friendly regulatory climate by providing free access to Coinbase One for 30 days, eliminating trading fees, increasing staking incentives, and providing 24/7 priority assistance.

In a press statement dated August 14, cryptocurrency exchange Coinbase said it will be expanding into Canada and launching new services to show its dedication to Canada as a priority Go Deep market.

Coinbase’s VP of International and Business Development, Nana Murugesan, stated:

“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. As Coinbase’s next Go Deep Market, we are making significant investments to help Canadians access the benefits of cryptocurrency.”

Eyeing Potential Growth Opportunities

Moreover, users in Canada may utilize Interac e-Transfers thanks to Coinbase’s collaboration with Peoples Trust Company, a division of Peoples Group. Millions of Canadians will have easier and safer access to cryptocurrency transactions. Also, half of all deposits in the past month came from Canadian customers via the Interac e-transfer system, making it the most commonly asked-for feature.

Since it is the second-most crypto-aware country for Coinbase’s foreign markets, the company intends to significantly increase its presence there. Also, according to a recent poll conducted by the Ontario Securities Commission (OSC), over 30% of Canadians want to purchase cryptocurrencies over the next 12 months.

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