Coinbase to Shutdown CAD Services to Canadian Customers
As of July 29, Coinbase will no longer be servicing its Canadian customers, informing them that they must change their existing CAD balances to Bitcoin or have it relocated to their bank account. The San Francisco-based company, who is a leading Bitcoin exchange, sent out an email to its customers informing them of the upcoming changes. It will further add to the woes of Canadians who haven’t had a great year when it comes to Bitcoin exchanges offering them services. Coinbase stated in an email that: As of August 1, Coinbase’s Canadian payments provider, Vogogo, will be shutting down its....
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San Francisco-based Coinbase, a leading Bitcoin exchange offering numerous services and products, has informed its Canadian users they must liquidate their CAD holdings by July 29th. “As of August 1, Coinbase’s Canadian payments provider, Vogogo, will be shutting down its payment processing business,” Coinbase stated in an email to users seen by Bitcoin Magazine. “When this occurs, Coinbase will no longer be able to support Canadian EFT transfers, Interac transfers or the storage of customer CAD on Coinbase.” Canadian dollars stored at Coinbase must be withdrawn off the site or converted....
Digital currency exchange and wallet provider Coinbase has extended bitcoin and ether buying to customers in Canada and Singapore, within days after announcing the same feature to Australian users. Firmly in its global expansion phase, bitcoin and ether exchange and wallet Coinbase has now enabled its bitcoin and ether buying feature to customers in Canada and Singapore. Users in the two countries will be able to purchase the cryptocurrencies instantly with their debit and credit cards. Canadian users will be restricted to buying bitcoin and ether while not being to sell them just yet,....
Since the beginning of the year, two of the major Canadian exchanges have shut down their operations bringing up difficult times for Canadian Bitcoiners. This has reduced the ability for Canadian bitcoin enthusiasts to easily buy and sell the digital currency. But not everything is bad news, as some regulatory pressure is on exchanges such as QuadrigaCX, Cointrader and Coinsquare.io working hard to improve their services. Coinsquare.io already opened a CAD order book on their exchange platform some time ago and now the Canadian exchange announce a new partnership with INTERAC®, one of the....
Bankrupt crypto lending platform BlockFi recently announced that repayments for customers who didn’t complete the withdrawal process through the platform will begin this month. Following the web platform’s shutdown in May, the interim crypto distributions will also be made through its partnership with crypto exchange Coinbase. Related Reading: Chinese Businessman Guo Wengui Convicted For $1 […]
Leading bitcoin exchange and wallet provider Coinbase has expanded its services to Canada and Singapore as a part of its project to expand their services globally. Now, consumers in Singapore are able to buy and sell bitcoin for Singapore dollars through Coinbase. This follows the company's announcement from ealier this week that Coinbase users based in Canada will be able to buy and sell bitcoin with Canadian dollars instantly, using the Coinbase Wallet. Additionally, users will be able to buy and sell bitcoin with a Canadian bank account directly and trade BTC/CAD on Coinbase's exchange.....