Coinbase, the largest cryptocurrency exchange in the United States but known for its litigation process with the SEC, continues its unstoppable growth in the world. The exchange announced in an official statement today that it has opened its Canadian branch.
The exchange announced that it has established its Canadian branch in partnership with The People’s Trust Company. In addition, Coinbase’s Canadian customers will be able to send and receive money and invest in cryptocurrencies through the Interac e-transfer platform. Customers who will use Interac e-Transfer must have accounts with banks that are approved by the financial laws of Canada. So there will be no problem in terms of rules.
In Coinbase’s statement on this topic, it was said that one of the most requested issues in dealing with Canadians is access to the Interac e-transfer platform.
The exchange will not charge its users any transaction fees for 30 days due to its Canadian startup. On the other hand, staking services will be open to Canadians as well. Coinbase’s staking service is currently open in the US as well, but the SEC claims the service is the sale of investment contracts. Litigation is also going on between the parties on this issue.
As you remember, Coinbase CEO Brian Armstrong said in a statement some time ago that he has no plans to exit the US market, but he also values Dubai, Canada and Japan in terms of global growth.
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