Coinbase Official Launch in Canada: Banking Partnerships, Interac Payment Rails

• Coinbase announces its official launch in Canada, partnering with Peoples Trust Company to provide Interac payment rails for Canadian customers.
• The crypto exchange has also launched its subscription-based service, Coinbase One, with a 30-day free trial and zero-fee trading.
• Despite tightened regulations in the country, Coinbase is looking to take advantage of Canada’s “robust regulatory framework” and “crypto awareness” levels.

Coinbase Announces Official Launch in Canada

Coinbase has officially announced their launch into Canada following their international expansion push amid trouble in the U.S. With an eye towards taking advantage of Canada’s „robust regulatory framework“ and crypto awareness levels, they have partnered with Peoples Trust Company to provide Interac payment rails for Canadian customers.

Coinbase One Subscription Service Launched

The company has also launched its subscription-based service, Coinbase One, with a 30-day free trial that offers zero-fee trading as well as greater staking rewards and priority customer service support.

Tightened Rules for Crypto Exchanges

With FTX’s collapse earlier this year, Canada has tightened rules for crypto exchanges causing some such as OKX, Binance and Bybit to bid farewell to the market in response to these fresh regulations. Nonetheless, Coinbase is willing to persevere despite the restrictions on leverage trading and stablecoin support.

Interac Payment Rails Seamlessly Allow Deposits & Withdrawals

Depositing funds via Interac on Coinbase is free and almost instantaneous due to their new banking partnerships allowing for a seamless on and off-ramp experience for customers.

Conclusion

Coinbase’s entrance into the Canadian market highlights their commitment towards international expansion despite U.S.’s regulatory uncertainty while also proving that they are willing to abide by local rules set forth by Canadians while still providing quality services tailored specifically for them via its new banking partnerships and subscription services like Coinbase One which offers zero fee trading plus other benefits such as staking rewards and priority customer support.