By George Ward
Coinbase, the renowned international platform for digital currencies, has made a noteworthy stride by extending its operations into the Canadian market. According to the official statement, the move will enable the firm to revolutionize how Canadians engage with cryptocurrencies.
Seamless Transactions With Interac e-Transfers Integration
Coinbase’s services will allow Canadians seamless access to Interac e-Transfers®, a widely used and trusted payment method in the country, to enhance user convenience. This integration marks a significant step forward, allowing 100% of Canadian Coinbase users to transfer funds to and from their accounts effortlessly.
Its emphasis on security and simplicity underscores Coinbase’s commitment to providing a frictionless experience for its users. A key factor to this expansion is the collaboration between Coinbase and the Peoples Trust Company, an entity within the esteemed Peoples Group.
As a result, users can expect a more streamlined and efficient process when performing crypto-related transactions. Coinbase’s foray into the Canadian market also led to the introduction of Coinbase One, a premium membership tier tailored for the Canadian crypto community.
This premier offering encompasses an array of benefits to elevate users’ crypto experience. Among these advantages are waived trading fees, enhanced staking rewards, and dedicated customer support.
As a gesture of goodwill and to celebrate this milestone, Coinbase won’t accept membership fees for the first 30 days. Thus, users can explore these premium crypto services without any additional cost.
While sharing insights about this expansion, Nana Murugesan, Coinbase’s Vice President of International and Business Development, highlights Canada’s inherent potential within the global crypto economy. Murugesan underscores Canada’s robust crypto awareness, a thriving local tech ecosystem, and steady progress toward establishing a comprehensive regulatory framework.
Then, he added that combining these factors creates an ideal environment for Coinbase to advance its objectives and solidify its presence in the region.
Promoting Innovation
After entering Canada’s crypto space, Coinbase appointed Lucas Matheson as its Country Director. This addition proves Coinbase’s commitment to fostering a solid and lasting relationship with the Canadian market.
The crypto firm considers Matheson a visionary leader, among other essential attributes. Moreover, Coinbase is bolstering its technological footprint within the country.
It has established a substantial-tech hub, boasting nearly 200 full-time employees dedicated to refining Coinbase’s products. Beyond its internal operations, Coinbase is actively investing in promising local startups, contributing to the growth of Canada’s burgeoning tech landscape.
Noteworthy among these ventures are Dapper Labs, Minerva AI, Axelar, Horizon Blockchain Games, and Zapper. Meanwhile, David Furlong, Chief Operations Officer of Peoples Group, expressed his optimism regarding the collaboration between Peoples Group and Coinbase.
Furlong opined that the potential of this partnership is immense as it would expand the realm of payment possibilities for Canadian crypto users.