US-based crypto exchange giant Coinbase announces its official expansion into the market of North America’s second largest economy.
In a new blog post, Coinbase announces the official launch in Canada while promoting a premium trial program for new Canadian customers.
“Coinbase announces its official entry into the Canadian market, supported by the integration of Interac payment rails, with leading banking and payment partners, enabling seamless money transfers, and the introduction of Coinbase One – a 30-day trial with no trading fees, enhanced rolling out rewards and priority support for Canadian users.”
Canada has the second largest economy in North America behind the United States, and is also the “third most crypto-savvy nation” according to Coinbase.
“Ranked as the world’s third most crypto-aware nation, Canada boasts an enthusiastic local technology ecosystem that, combined with its progress toward a robust regulatory framework, positions it as a potential global leader in of cryptoeconomics. This feeling is reinforced by the Ontario Securities Commission survey, which shows that more than 30% of Canadians are ready to venture into the world of crypto assets within a year.”
The exchange describes Canada as the stock market’s next “Go Deep Market”.
Nana Murugesan, Vice President of International and Business Development at Coinbase, says:
“Canada is well positioned to be a global leader in the crypto economy thanks to its high level of crypto awareness, passionate local technology ecosystem and 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.”
In addition to introducing Interac payment rails designed to make Canadian deposits and withdrawals seamless, Coinbase is also giving Canadian customers a one-month trial of their premium service Coinbase One.
According to the announcement, Coinbase is working with banks, regulators and investors to double their presence in Canada. The stock market giant also says it invests in Canada’s “thriving” technology and developer sector.
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Featured image: Shutterstock/vvaldmann