US-based crypto exchange giant Coinbase is announcing its official expansion into the market of North America’s second-largest economy.
In a new blog post, Coinbase announces its official launch in Canada while promoting a premium trial program for new Canadian customers.
“Coinbase announces its official entry into the Canadian market, backed by the integration of Interac payment rails, with leading banking and payment partners, enabling seamless fund transfers, and the introduction of Coinbase One – a 30-day trial offering zero trading fees, enhanced staking rewards, and priority support for Canadian users.”
Canada boasts the second-largest economy in North America behind the United States, and according to Coinbase, it’s also the “third-most crypto-aware nation.”
“Ranked as the world’s third-most crypto-aware nation, Canada boasts an enthusiastic local tech ecosystem that, combined with its strides towards a robust regulatory framework, positions it as a potential global cryptoeconomy leader. This sentiment is reinforced by the Ontario Securities Commission’s survey, indicating that over 30% of Canadians are poised to venture into the world of crypto assets within the year.”
The exchange describes Canada as the exchange’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 cryptoeconomy thanks to the high levels of crypto awareness, a passionate local tech ecosystem, and the 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 more 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 help double down on their Canadian presence. The exchange giant also says it is investing in Canada’s “thriving” tech and developer sector.
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