Coinbase will open a branch in Canada

by in Cryptocurrency News

Coinbase

The largest American cryptocurrency exchange Coinbase announced the expansion of its staff in connection with the opening of a branch in Canada. That is stated in the company's blog.

At the first stage, the exchange posted 19 vacancies for technical and HR positions. In the future, the list will be expanded. Employees will be able to work remotely in Coinbase Canada.

“We plan to open a physical office in 2021, depending on the situation with the coronavirus in the country,” said representatives of the platform.

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Coinbase previously filed an S-1 IPO with the US Securities and Exchange Commission. Messari analysts estimated the possible capitalization of the exchange after the IPO at $ 28 billion.

As a reminder, on June 1, 2020, Canada legalized the work of cryptocurrency companies. Under the new rules, they belong to the category of enterprises providing services in the field of money transfers.