Coinbase expands services to Canada

Announcements | September 16, 2015 By:

Coinbase announced it is expanding its services to Canada.

“It’s not where we would want to launch first, it’s actually where the partners we have to work with are able to work with us first. But certainly Canada has a huge population of people that are interested in bitcoin that didn’t have easy ways to buy and sell it,” said Coinbase CEO Brian Armstrong.

Canadian residents can now buy and sell bitcoin using Canadian dollars (CAD), deposit CAD funds into bitcoin wallets and trade CAD/BTC using the Coinbase bitcoin exchange.

Armstrong had previously indicated that Coinbase is seeking to extend its services to 30 countries by the end of 2015, a goal he disclosed at the time of the startup’s $75m Series C round, announced in January.

Coinbase is a bitcoin wallet and platform where merchants and consumers can transact with bitcoin.