Coinbase Global Inc. successfully entered the Canadian market last week. Local citizens can now avail the services offered by the US-based cryptocurrency exchange platform.

According to Crypto.news, Coinbase received a warm reception from the Canadians. They accepted the service after the company expanded its business to the country. It was said that the brand gained the trust of the locals because it entered the country through a partnership.

Moreover, Coinbase is offering a service that will make transactions easier, so the people are very welcoming. E-transfers are now hassle-free, and with its offerings, the company is said to be in a position to optimize transaction efficiency for all users in the country.

As it starts its business in the region, the crypto exchange firm also launched its exclusive “Coinbase One” membership program designed for new registrants in Canada. By signing up, people are given a 30-day free trial to navigate through the platform and explore all the services and features they can use.

A few days after the launch of Coinbase in Canada, Days after the company also unveiled its future plans for some stablecoins that are likely to be introduced into the Canadian market. The company further said that starting September 2023, the stablecoins - DAI, USDT, and RAI - will exit the trading space on Coinbase for its users in Canada.

Meanwhile, Coinbase also received approval to provide crypto futures for its customers in the United States. The company said that this regulatory approval allows it to offer federally regulated crypto futures trading to qualified customers in the U.S.

Associated Press News reported these customers would be given access to regulated derivatives products via Coinbase Financial Markets. Then again, this will still be subject to the oversight of the Commodity Futures Trading Commission and the not financial advice (NFA).

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