It’s officially recognized as a Restricted Dealer by the Canadian Securities Administrators (CSA).
This registration highlights the global crypto leadership of Coinbase and Canada’s rising role in the crypto economy.
Strengthens Global and Canadian Crypto Ties
The move to register in Canada is part of a series of efforts by Coinbase to establish a strong presence in the country. In August 2023, Coinbase’s official Canadian launch featured the integration of Interac payments through a partnership with Peoples Trust. This integration lets Canadian users easily move CAD in and out of their Coinbase wallets via Interac e-transfers. It significantly boosts cryptocurrency accessibility for millions in Canada.
Good news. 🇨🇦
We are now registered as a Restricted Dealer in Canada, making us the first international and largest exchange registered there.
Learn more: https://t.co/KTxZ5EVDLF pic.twitter.com/b8nNHnXrQI
— Coinbase 🛡️ (@coinbase) April 4, 2024
A key moment in Coinbase’s commitment to Canada was CEO Brian Armstrong‘s visit to Toronto in November 2023. During his stay, Armstrong engaged with Coinbase’s local team, partners, and the broader crypto community. His agenda featured fireside chats with Sid Paquette, Head of RBCx, and Shopify CEO and Coinbase’s board member Tobi Lütke. Armstrong’s media interactions and Q&A with the Coinbase team highlighted the company’s commitment to the Canadian market.
More About Coinbase in Canada
Coinbase’s Canadian tech hub, its largest outside the US with nearly 200 staff, showcases its expansion in Canada. This hub develops crypto solutions for Canada, showing Coinbase’s user-focused product development.
Millions of Canadians own digital assets.
86% of them believe the financial system needs an update.Registration is the latest step in doing just that.
Regulation is critical. 29% of non-crypto owners said they'd buy if there were more industry regulation.
— Coinbase 🛡️ (@coinbase) April 4, 2024
Moreover, Coinbase is actively investing in Canada’s dynamic tech and developer ecosystem through Coinbase Ventures. Supporting startups, Coinbase boosts Canada’s tech growth with innovation and entrepreneurship. Notable investments feature Canadian partners like Dapper Labs, Minerva AI, Axelar, Horizon Blockchain Games, and Zapper.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
