Coinbase expands its service offerings in the Canadian market - VP of international and business development says the country is well positioned to be a “global leader” in the crypto industry.
an expansion of its services offered to Canadian users on Aug. 14 through a partnership with local financial services company Peoples Trust Company.
Coinbase integrated the option for 100% of its users to deposit and withdraw money from their accounts via the Interac e-Transfer service. According to the exchange, this feature was the most requested update from Canadian users since launching in the country earlier in August. Nana Murugesan, vice president for international and business development at Coinbase, commented on Canada’s appeal in the crypto industry:
“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.” The exchange also said it sees the Canadian market as its next “Go Deep Market” and cited a survey from the Ontario Securities Commission that claims more than 30% of Canadians said they’ll buy crypto within the year.
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