Lucas Matheson, a former senior director of operations at Shopify, is appointed by Coinbase as the national head for Canada.
Coinbase VP of International and Business Development, Nana Murugesan, announced the new hire as part of expansion plans in Canada calling it a “key international market.”
In regard to its expansion plans, Coinbase Canada signed an enhanced Pre-Registration Undertaking (PRU) with the security regulators in the country.
“We applaud the Canadian securities regulators’ efforts to bring clarity to the industry and look forward to continuing our collaboration with them on regulation that protects consumers while embracing innovation,” Murugesan added.
Coinbase has established a tech hub in Canada to serve its extensive product line, and its global leadership team will visit the country frequently to interact with partners, regulators, and locals. Matheson is not the first ex-Shopify executive to join Coinbase, and Coinbase welcomed Shopify’s CEO Tobias Lütke to its board in February to expand its e-commerce operations and build a marketplace for NFTs.
Canada has recently declared that crypto trading companies must agree to new conditions as they wait to be registered, tightening its laws on the sector. Coinbase has signed the PRU to strengthen its presence in Canada by complying with the rules.
Compiled by Coinbold