Canada’s Northern Light: Coinbase Now Expanded into Canada

Amid the picturesque landscapes of Canada, a crypto giant is making waves.

Coinbase, the international cryptocurrency platform, is now announced its expansion into Canada, according to an August 14 announcement:

“Coinbase is now providing access to Interac e-Transfers® * to 100% of Canadian Coinbase users, making it secure and simpler than ever to move money in and out of your account.”

Thanks to a freshly inked alliance with the Peoples Trust Company, an entity of Peoples Group, Coinbase’s Canadian users are poised to enjoy a streamlined transaction experience.

Hi from Toronto with our country director @lucmatheson 🇨🇦 Thrilled to announce that Coinbase is expanding into Canada – our next priority #GoDeep market. We have an amazing team of nearly 200 here to build from Canada for Canada 🍁 and the world! https://t.co/gX9HWCBpuo

— Nana Murugesan 🛡️ (@NanaMurugesan) August 14, 2023

On the heels of this announcement is the introduction of Coinbase One, the platform’s premium tier, bringing an array of benefits to the Canadian crypto community, including waived trading fees, better staking rewards and dedicated customer support. As an introductory offer, Coinbase is waiving membership fees for the first 30 days.

“As Coinbase’s next Go Deep Market, we are making significant investments to help Canadians access the benefits of cryptocurrency,” stated Nana Murugesan, vice president of International and Business Development at Coinbase. He spotlighted the nation’s surging crypto consciousness and its burgeoning tech landscape, an ideal blend for Coinbase’s endeavors:

“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.”

Further cementing its commitment to the Canadian market, Coinbase has onboarded Lucas Matheson as the Canadian Country Director. The company is also bolstering its tech presence in the region, setting up a significant tech hub and actively investing in promising local startups, including but not limited to Dapper Labs and Minerva AI:

“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 […] Canadian portfolio companies include Dapper Labs, Minerva AI, Axelar, Horizon Blockchain Games, and Zapper.”

David Furlong, chief operations officer of Peoples Group, chimed in, noting the boundless potential of this collaboration. “Peoples Group is pleased to partner with industry leader Coinbase, to enable this money movement tool for their Canadian customers and expand payment possibilities.”