Coinbase recently entered Canada’s market, giving Canadian nationals a free 30-day trial to its newly launched subscription service. The free trial aims to onboard new users and push the service, which mainly focuses on zero trading fees and priority customer support. In its public statement, Coinbase claimed that the choice to expand its services in Canada was due to Canadians’ “crypto-awareness” and a framework with beneficial regulation for cryptocurrencies. Canada made its position in favor of the market clear when a group of established lawmakers published a report in late June that rejoiced the presence and development of electronic currencies and blockchain technology in the country. They suggested 16 recommendations to bring full regulation related to the asset class and a national strategy for it.
However, authorities have sent a few blinking signals regarding its movement and certain operators shut their solution down while Prime Minister Justin Trudeau turned opposed the pro-crypto movements.
Coinbase is attempting to add itself positively to the market when the bear market has dwindled its shares significantly. The exchange, which saw a surprising but disconcerting typical $96 million dollars second-quarter loss, has taken many policies in different field and most recently Company would free license Ethereum layer-2 organization which could revolutionize decentralized apps in its ecosystem and surged it to be second layer-2 most-bridged network.It is another attempt of Company who are still finding ways for Bitcoin’s layer-2 scaling as well.
