Introduction
Coinbase, the popular cryptocurrency platform, has further extended its global footprint, marking its official presence in Canada with a host of fresh services, reinforcing its focus on the Canadian market.
A Strategic Collaboration
In an alliance with Peoples Trust Company, a subsidiary of the Peoples Group, Coinbase is furnishing its complete Canadian user base with the facility to use Interac e-Transfers®*. This endeavor simplifies the process of transferring funds to and from user accounts, paving the way for a broader reach of cryptocurrencies amongst the Canadian populace.
Interac e-Transfers: A Much-Anticipated Feature
Recognizing the demand of the Canadian audience, Coinbase has integrated the Interac availability. The convenience of depositing funds to Coinbase via Interac, which is free and almost instantaneous, has gained momentum, accounting for over half of the deposits in the past month alone.
Introducing Coinbase One for Canadians
The array of services doesn’t stop there. Canadian crypto enthusiasts can now tap into the comprehensive advantages of cryptocurrency via the Coinbase One membership. Available at no cost for the initial 30 days, members are privy to benefits like zero transaction charges, enhanced staking returns, round-the-clock priority assistance, among other features.
Canada’s Crypto Landscape: A Brief Overview
Nana Murugesan, the Vice President of International and Business Development at Coinbase, highlighted Canada’s promising position in the crypto world. Factors such as heightened crypto literacy, a thriving tech community, and evolving regulations put Canada at the forefront of global crypto economies. Given that over a third of Canadians anticipate investing in cryptocurrency soon, Coinbase sees this as a golden chance to deepen its roots in the region.
Coinbase’s Progressive Journey in Canada
This Canadian foray is a continuation of Coinbase’s endeavors in the region:
- Earlier in the year, Coinbase formalized an enhanced Pre-Registration Undertaking (PRU), emphasizing its collaboration with local regulatory bodies to foster a robust digital currency regulatory landscape.
- Lucas Matheson has taken the reins as the Canadian Country Director for Coinbase, ardently believing in cryptocurrency’s transformative potential in the financial domain.
- A flourishing tech hub in Canada, comprising nearly 200 dedicated professionals, underscores Coinbase’s commitment to product development. This also establishes Canada as a pivotal tech hub for Coinbase outside its home turf.
- Through Coinbase Ventures, investments have flowed into multiple innovative Canadian ventures such as Dapper Labs, Minerva AI, Axelar, Horizon Blockchain Games, and Zapper.
Lucas Matheson expressed his enthusiasm about leading the charge in redefining Canada’s financial framework, staying true to Coinbase’s mission of global financial evolution.
Peoples Group Weighs In
David Furlong, COO of Peoples Group, expressed his enthusiasm about the collaboration, stating, “Peoples Group is delighted to join hands with a front-runner like Coinbase, enhancing transaction avenues for Canadian clients and broadening the horizon of payment solutions.”
