Coinbase, a San Francisco-based bitcoin wallet and exchange service, has partnered with payment processor Vogogo to launch its bitcoin services in Canada.

The newly launched services will allow customers in Canada to buy and sell bitcoin with Canadian dollars (CAD) using Buy/Sell service, as well as trade the BTC/CAD currency pair on Coinbase Exchange.

Also, customers in Canada can now buy and sell bitcoin with a bank account, deposit funds into a Coinbase wallet, and trade bitcoin via the exchange as well as use suite of Coinbase wallet services, including hosted bitcoin wallets.

As part of the expansion, Coinbase will waive its retail conversion fees for Canada’s citizens until 6 September.

Coinbase CEO Brian Armstrong told CoinDesk: "It’s not where we would want to launch first, it’s actually where the partners we have to work with are able to work with us first.

"There’s certainly an advantage to multiple currency pairs, but we wanted to be more conservative from a legal and regulatory sense," Armstrong added.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

Currently, Coinbase services are available in 27 countries globally.