Coinbase Brings Paypal Support to Users in Canada

Coinbase, the largest crypto exchange and wallet platform in the US, has introduced payment support with Paypal to its Canada-based clients.

“Coinbase customers in Canada can now instantly transfer sale proceeds directly into their PayPal accounts. Coinbase is committed to being the most trusted crypto exchange and want to give customers the ability to access their funds in a way that’s reliable and safe,” the exchange stated in its May 28 announcement.

The San Francisco-headquartered exchange first integrated Paypal for Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term in 2016 as a beta only to its US-based customers. It fully rolled out payments and withdrawal service using the payment gateway in the United States and the European Union last year.

The company explained that Paypal's payment gateway would provide “immediate access to funds,” and there will be no fees associated with the payment service.

“Support for PayPal provides immediate access to funds through one of the world’s easiest and most widely-used payment platforms. Transferring sale proceeds into a PayPal account is fast and free — customers will incur no fees for such transfers,” the exchange added.

Becoming the leader in the global crypto market

Coinbase is on an expansion spree and recently entered 11 new territories in the Asia, Latin America, and Pacific region with its crypto trading services. However, offerings in those regions are confined to crypto-to-crypto trading. The exchange has also assured that it will extend its Paypal integration to other jurisdiction in the future.

The Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term is also adding more and more coins to its listing and recently opened up XRP trading services to its New York-based clients.

Coinbase is known for its quality services and its reputation in the industry. Last month, the exchange revealed that it bought insurance coverage of up to $255 million to protect the funds stored in its hot wallets from any cyber attack.