Coinbase Targets Canada for Expansion: Crypto Exchange's Next Major Market
Coinbase, a leading US crypto exchange, officially expands into North America's prominent Canadian market.
Coinbase Expands into Canadian Market: A Step into a Thriving Cryptoeconomy"
Coinbase, the leading US-based crypto exchange, officially launches its services in Canada, marking its commitment by introducing a 30-day premium trial, "Coinbase One," for Canadian users. This offer includes zero trading fees, enhanced staking rewards, and prioritized customer support.
Recognizing Canada as the third-most crypto-aware country globally, Coinbase acknowledges the nation's vibrant tech landscape. With a regulatory framework in the works, Canada stands on the cusp of becoming a major player in the global cryptoeconomy. This is further underscored by a recent survey from the Ontario Securities Commission, revealing that over 30% of Canadians are considering diving into crypto assets within the upcoming year.
In a statement, Nana Murugesan, Coinbase's Vice President of International and Business Development, highlighted Canada's potential. He said, "Canada's unique position in the cryptoeconomy, characterized by heightened crypto awareness and a thriving tech community, aligns with its movement towards a solid regulatory stance. As we deepen our investment in Canada, our aim is to unlock cryptocurrency benefits for Canadians."
Coinbase's venture into Canada isn't just limited to launching its platform. They've integrated Interac payment systems to simplify deposits and withdrawals for Canadians. Furthermore, the exchange is collaborating with local banks, regulatory bodies, and investors to reinforce its presence in the Canadian market. As part of its long-term vision, Coinbase is also channeling investments into the country's burgeoning tech and developer sectors.
Aug 15, 2023
