Coinbase Expands Bitcoin Services to Canada

Bitcoin users in Canada can now buy and sell bitcoin using Coinbase.
The bitcoin services firm, which has raised $106.7m in four public venture rounds, is now available in 27 countries in North America and Europe. The move follows the company’s expansion to Europe in September 2014.
CEO Brian 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.
As a result of the move, 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.
In an interview, Armstrong explained that, while the company has so far found success launching in more developed markets, it remains active in its efforts to extend its services to developing markets. However, he suggested the regulatory environments have so far proven easier to navigate in countries where English language proficiency and technology literacy are high.
Armstrong told CoinDesk:

This post was published at Coin Desk on August 31, 2015.