Breaking: Coinbase Expands to Canada With New Crypto Offerings
Crypto exchange giant Coinbase has announced its official launch in Canada, offering users a series of new features including 30-day free use of Coinbase One and zero trading fees.
Announced Monday, the exchange said that the international expansion demonstrates its commitment to Canada as a priority Go Deep market. The Go Deep strategy leverages relationships with customers to sell more. This means that the customers are already aware of the business as a vendor, as a result the risks are lower from their perspective.
Coinbase has teamed up with Peoples Trust Company, a Vancouver-based financial services firm, to provide access to the Interac e-Transfers to all Canadians. This service simplifies the process of transferring money, making cryptocurrencies more accessible to users in the country.
“As Coinbase’s next Go Deep Market, we are making significant investments to help Canadians access the benefits of cryptocurrency,” said Nana Murugesan, Vice President, International and Business Development, Coinbase.
Murugesan further added that high levels of crypto awareness, a passionate local tech ecosystem, and the country’s progress toward a strong regulatory framework have positioned Canada as a lucrative crypto hub for exchanges and crypto businesses.
The move comes at a time when other crypto trading platforms such as Binance, the world’s largest crypto exchange, said they were pulling out of Canada due to new guidance about stablecoins and limits to investors.
Coinbase said that the expansion would bring in a slew of added features for Canadians such as 30-day free use of Coinbase One, access to zero trading fees, boosted staking rewards, priority 24/7 support, and more.
“Starting today, Canadian Coinbase users can also
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