Cryptocurrency exchange Coinbase has announced that it has reached “a crucial milestone” in Canada by obtaining registration as a restricted dealer in the country. “Ranked as Coinbase’s third-most crypto-aware nation globally, Canada boasts an enthusiastic tech ecosystem that has the potential to be a leader in the global cryptoeconomy,” Coinbase noted.
‘Crucial Milestone in Coinbase’s Journey in Canada’
Crypto exchange Coinbase (Nasdaq: COIN) announced last week that it has obtained registration as a restricted dealer in Canada. “Today we’re excited to share a crucial milestone in Coinbase’s journey in Canada,” the crypto exchange wrote, elaborating:
“This milestone, following our formal launch in August 2023, reinforces our commitment to Canada as a Go Deep market,” Coinbase added. The crypto firm outlined the specific requirements it must meet as a restricted dealer in Canada here.
Coinbase also shared the results of a new survey it conducted in partnership with Angus Reid, which found that “72% of Canadians think that the regulation of cryptocurrency exchanges is important,” the crypto firm stated. “Nearly a third of Canadians (29%) said they would be more inclined to buy cryptocurrency if there was more regulation in the industry.”
Moreover, among those who did purchase cryptocurrencies, “nearly half (49%) said they were driven by their curiosity in digital assets, while 39% said they wanted to diversify their investments and just over half (53%) said they were interested in investing to make money,” the exchange detailed.
Coinbase explained that its Canadian commitment “stems from a significant opportunity for the cryptocurrency market to grow and thrive in Canada.” The crypto platform emphasized: “Ranked as Coinbase’s third-most crypto-aware nation globally, Canada boasts an enthusiastic tech ecosystem that has the potential to be a leader in the global cryptoeconomy.” Coinbase noted:
Source: https://news.bitcoin.com/coinbase-reaches-crucial-milestone-in-canada-with-restricted-dealer-registration/