Coinbase Expands Crypto Offerings to Canada

Partnership with Peoples Trust Company

– Coinbase has partnered with Peoples Trust Company to provide Canadian crypto users access to Interac for safe and reliable transactions.
– Interac is a Canadian interbank network.
– This partnership will expand payment possibilities for Canadian customers.

Benefits for Canadian Users

– Coinbase offers free and instant transactions on Interac for Canadian users.
– Canadian users can enjoy a 30-day free membership with Coinbase One, which includes exclusive crypto features such as boosted staking rewards, zero trading fees, and 24/7 customer support.

Canada’s Crypto-Friendly Environment

– Canada is considered one of the most crypto-friendly countries and the third most crypto-aware nation globally.
– Coinbase sees Canada’s robust technological ecosystem and favorable regulatory framework as factors that will facilitate the growth of the crypto industry.
– Coinbase is working closely with Canadian regulatory authorities to develop and implement crypto policies that protect citizens and serve as a global benchmark.

Coinbase’s Commitment to Canada

– Coinbase has established a Canadian tech hub and employs almost 200 full-time local employees.
– The company has invested in local crypto start-ups and partnered with renowned Canadian crypto firms.

Hot Take:

Coinbase’s expansion into Canada demonstrates its strategic move to become a global crypto powerhouse. By partnering with Peoples Trust Company and leveraging Canada’s crypto-friendly environment, Coinbase aims to drive crypto adoption in the country while establishing itself as a leader in the industry. With its commitment to regulatory compliance and investment in the local crypto community, Coinbase is well-positioned to thrive in the Canadian market.