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Crypto exchange Coinbase to roll out Interac e-transfer integration as part of Canadian offerings

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Coinbase says the moves signal its commitment to Canada, and come at a time when other trading platforms have said they were pulling out of the country

Coinbase is rolling out Interac e-transfer integration as part of its Canadian offerings as it says it’s encouraged by the regulatory approach in the country.

Binance, along with Bybit and others, said in May their departure was related to tightening regulations around cryptocurrencies as the Canadian Securities Administrators looks to increase oversight in the sector. Coinbase chief executive Brian Armstrong says the company has had a positive working relationship with regulators and is encouraged by the direction they’re taking.

The company’s process in Canada has been relatively smooth, but it’s facing charges from the U.S. Securities and Exchange Commission for operating as an unregistered securities exchange. The regulator alleges that Coinbase “deliberately refused” to follow rules it knew about around registering securities offers.

 

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