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The US-based crypto exchange is now officially available for Canadian citizens. 
Coinbase, the trading platform previously only available in the US, <a href="https://www.coinbase.com/blog/coinbase-officially-launches-in-canada" target="_blank" rel="noopener noreferrer nofollow">has announced</a> its launch in Canada today, on Aug. 14. The company said it is integrating Interac e-Transfers in collaboration with Peoples Trust Company. 
This integration allows all Canadian users of Coinbase the ability to utilize Interac e-Transfers to create a more streamlined process for transactions. Recent data indicates that the feature has garnered attention, with a significant portion of the last month’s deposits on the platform being executed via Interac e-transfers. 
Furthermore, the company has introduced the “<a href="https://crypto.news/coinbase-one-launches-amid-regulatory-challenges/" data-type="link" data-id="https://crypto.news/coinbase-one-launches-amid-regulatory-challenges/" rel="noopener noreferrer nofollow">Coinbase One</a>” membership for its Canadian clientele. New registrants are provided an introductory 30-day trial to explore these offerings. 
 You might also like: <a href="https://crypto.news/canada-requests-feedback-on-new-crypto-asset-rules/" rel="noopener noreferrer nofollow"> Canada requests feedback on new crypto asset rules </a> 
Coinbase’s decision to venture into Canada can be seen in the context of the country’s evolving perspective on <a href="https://crypto.news/market-cap/" data-type="link" data-id="https://crypto.news/market-cap/" rel="noopener noreferrer nofollow">cryptocurrencies</a>. 
Nana Murugesan, vice president of international and business development at Coinbase, has mentioned Canada’s tech-forward population and ongoing regulatory developments as notable factors. 
“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,” Murugesan <a href="https://investor.coinbase.com/news/news-details/2023/Coinbase-Accelerates-International-Expansion-with-Official-Launch-in-Canada/#:~:text=%E2%80%9CCanada%20is%20well%20positioned%20to,International%20and%20Business%20Development%2C%20Coinbase." target="_blank" rel="noopener noreferrer nofollow">said</a> in their statement to investors. 
Earlier this year, Coinbase engaged with Canadian regulatory frameworks by signing a Pre-Registration Undertaking. Other strategic moves in the region include the appointment of Lucas Matheson as the Canadian Country Director and the establishment of a tech hub in Canada, positioning it as an essential outpost for Coinbase outside of the US. 
 Read more: <a href="https://crypto.news/canadian-regulator-warns-against-crypto-companies-with-fake-approval/" rel="noopener noreferrer nofollow"> Canadian regulator warns against crypto companies with fake approval </a>

Coinbase becomes officially available for Canadian citizens

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