Coinbase Engages with Canada's Big Five Banks

Coinbase Engages with Canada's Big Five Banks



Coinbase, the U.S.-based cryptocurrency exchange, is in dialogue with major Canadian banks as it looks to gain a stronger foothold in Canada. This comes amid regulatory challenges the company faces in the U.S. Lucas Matheson, who heads Coinbase’s operations in Canada, told CoinDesk that he’s been actively engaging with top-tier Canadian banks, commonly known as the Big Five—though he didn't name them explicitly.



Matheson expressed optimism that Canada's leading banks would start embracing the cryptocurrency ecosystem in the coming quarters. “We have five banks that serve the majority of Canadians, so one of my key objectives is to work closely with these banks to help them get onboard with crypto and support our industry,” Matheson said.



Coinbase recently began its operations in Canada after facing legal troubles in the U.S., spec


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