Coinbase Officially Expands Crypto Services To Canada

Crypto exchange Coinbase has expanded to Canada through a partnership with Peoples Trust Company to provide access to the Interac e-Transfers to its users in the country. Coinbase is offering 30-day free use of Coinbase One, zero trading fees, boosted staking rewards, and priority 24/7 support as it plans to expand deeply in Canada amid crypto-friendly regulations.

Coinbase Expands To Canada Citing Crypto-Friendly Regulations

Crypto exchange Coinbase announced its expansion in Canada and starts new offerings that demonstrate its commitment to Canada as a priority Go Deep market, as per a press release on August 14.

Nana Murugesan, vice president of international and business development at Coinbase, said:

“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.”

Coinbase partners with Peoples Trust Company, part of Peoples Group, to provide access to Interac e-Transfers to all users in Canada. It will make transactions secure and simpler, making cryptocurrencies more accessible to millions of Canadians. Interac is the most requested feature by Canadian users, with 50% of deposits made through Interac e-transfer in the last month.

In addition, Coinbase plans to expand deeply in the country as it’s the second-most crypto-aware country for Coinbase’s international markets. More than 30 percent of Canadians will buy cryptocurrency within the year, as per a recent Ontario Securities Commission survey.

Also Read: FedNow Adds Hedera Hashgraph’s Partner As Service Provider, HBAR Price Soars 15%

Coinbase Seeks Regulatory Clarity From US SEC

Coinbase filed a motion to dismiss the US SEC lawsuit alleging that the regulator acts outside its oversight border and crypto doesn’t fall under SEC oversight. Senator Cynthia Lummis submitted an amicus brief in favor of the Coinbase vs SEC lawsuit dismissal.

COIN stock price is up just up 0.51% in pre-market hours, at the price of $81.42. COIN prices fell after the second quarter results.

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Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

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