On August 31, Coinbase announced the expansion of its services to Canada.
Canadian customers can now buy and sell Bitcoin with Canadian dollars (CAD) using the San Francisco-based company’s Buy/Sell service, as well as trade the BTC/CAD currency pair on Coinbase Exchange.
To celebrate the launch, Coinbase waived its retail conversion fees for Canadian customers of the direct Buy/Sell service until September 6.
In an interview with CoinDesk, Coinbase CEO Brian Armstrong said that while the firm has so far found success launching in more developed markets, it is still active in its mission to extend its services to developing areas. But he did suggest that regulatory environments have so far proven easier to expand in nations where there is strong English language proficiency along with high technology literacy.
“[Canada is] 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,” acknowledged Armstrong to CoinDesk. “But certainly Canada has a huge population of people that are interested in bitcoin that didn’t have easy