Coinbase expands offering in Canada with Interac e-Transfer integration Coinbase Canada PeoplesTrustCompany
- Coinbase, the largest cryptocurrency exchange in the U.S., has partnered with Peoples Trust Company to provide access to Interac e-Transfers for Coinbase users in Canada, helping to make cryptos “more accessible to millions of Canadians.”
“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,” said Nana Murugesan, VP of International and Business Development at Coinbase. “As Coinbase’s next Go Deep Market, we are making significant investments to help Canadians access the benefits of cryptocurrency.
Coinbase was one of 11 exchanges that agreed to the pre-registration undertakings, which are comprised of nine requirements that crypto asset trading platforms are expected to follow. These include enhanced expectations regarding the custody and segregation of crypto assets held on behalf of Canadian clients and a prohibition on offering margin, credit, or other forms of leverage to any Canadian client.
Coinbase has also built a tech hub in Canada with almost 200 full-time employees who are helping build the exchange’s product offerings in the region. “This makes Canada Coinbase's largest tech hub outside the U.S.,” the company said. “Coinbase is also one of Canada’s largest crypto employers.”
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