Decoder.ca

Canadian Tech in 100 Words

Coinbase

Opendoor Taps Coinbase Canada Leader for Blockchain Push

by

Lucas Matheson, head of Coinbase Canada, has been hired as president of Opendoor, the U.S.-based online real estate firm. Matheson, who has led Coinbase Canada since its 2023 launch, will oversee corporate development, financial planning, and Opendoor’s blockchain strategy. He reunites with CEO Kaz Nejatian, a former Shopify executive, where Matheson also worked before leaving in 2021.

Matheson has been a leading advocate for crypto-friendly regulation in Canada, including Ottawa’s forthcoming stablecoin framework. Opendoor, which briefly became a meme stock last summer, has faced investor pressure after leadership turnover recently.

Want to know more? Check out the source code on The Logic.

Coinbase Launches 4.1% USDC Rewards in Canada

by

Coinbase has introduced USDC rewards to Canada, allowing users to earn 4.1 percent annually on their holdings, paid weekly. USDC, a Circle-issued, regulator-approved stablecoin pegged 1:1 to the U.S. dollar, offers a competitive alternative to traditional chequing or savings accounts, where rates often sit at zero.

An Angus Reid survey commissioned by Coinbase found 83 percent of Canadians believe the global financial system needs an overhaul, and 91 percent feel banks prioritize profit over customer success. With Coinbase One, rewards rise to 4.5 percent on balances up to $30,000.

Want to know more? Check out the source code on Fintech.ca.

AI Powers Coinbase’s Massive Recruitment Shift

by

Coinbase has introduced artificial intelligence across its recruitment process to manage a surge in applicant volume and enhance candidate evaluation. In 2024, the company received 1.7 million applications, hiring just 0.1%. To scale effectively, Coinbase developed AI-driven resume screening, automated interview scheduling, and is piloting 15-minute AI phone interviews.

The system can assess qualifications, schedule meetings, and even summarize interviews—allowing recruiters to remain focused on candidate engagement. Chief People Officer L.J. Brock says AI helps “give more applications a fair shot” and enhance the experience. Coinbase, which is actively hiring in Canada, believes tech will humanize—not replace—recruiting.

Want to know more? Check out the source code on Techtalent.ca.

Coinbase Backs Canadian Dollar Stablecoin

by

Toronto-based Stablecorp has raised $2.5 million in strategic capital to upgrade QCAD, its Canadian dollar-denominated stablecoin. The round was led by Coinbase Ventures and Side Door Ventures. Funds will support QCAD’s infrastructure overhaul, including independent reserves, transparent reporting, and new payment and FX integrations.

QCAD will be backed by a dedicated trust and offer direct redemption to Qualified Holders. With stablecoins processing $30 trillion globally last year, Stablecorp aims to digitize Canadian commerce. President Alex McDougall called stablecoins “financial superconductor[s],” while Coinbase Canada CEO Lucas Matheson said Canada must modernize its digital currency infrastructure.

Want to know more? Check out the source code on Fintech.ca.

Coinbase Expands Crypto Campaign into Canada

by

Canada ranks among the most crypto-aware nations, as Coinbase expands its “Stand with Crypto” campaign northward. The initiative supports regulatory clarity and promotes the legitimacy of cryptocurrency assets. On March 27, Coinbase Canada CEO Lucas Matheson will help launch the campaign’s Vancouver event at Dapper Labs, joined by Dapper CEO Roham Gharegozlou and Vancouver Mayor Ken Sim.

The free event aims to unite Web3 developers, advocates, and businesses to foster blockchain innovation and economic growth. Canada is now Coinbase’s largest market outside the U.S., with over 200 employees and key startup investments like Dapper Labs.

Want to know more? Check out the source code on Techcouver.

Coinbase Becomes CFL’s First Crypto Partner

by

Coinbase has been named the Official Crypto Partner of the Canadian Football League (CFL) and the 111th Grey Cup, marking the first crypto partnership in the league’s history. As part of the agreement, Coinbase will sponsor the opening coin toss at the Grey Cup championship in Vancouver on November 17th.

Coinbase’s Canadian CEO, Lucas Matheson, highlighted Canada’s importance, with 13% of the population holding cryptocurrency. Fans can receive $25 in bitcoin and participate in giveaways, including a grand prize of $50,000 in bitcoin. Coinbase aims to enhance Canadians’ engagement with cryptocurrency.

Want to know more? Check out the source code on Fintech.ca.

Coinbase Expands in Canada, Supporting Crypto Community and Hiring 40+

by

Coinbase has expanded its “Stand with Crypto” campaign into Canada, aiming to support the country’s five million coin holders and push for regulatory clarity. According to Coinbase Canada CEO Lucas Matheson, the company is well-positioned to help Canada lead the global crypto economy.

The move follows Coinbase’s growing investment in Canadian startups like MinervaAI and Dapper Labs. Canada is Coinbase’s largest talent hub outside the U.S., and the company is currently hiring over 40 roles in engineering, marketing, and security.

Want to know more? Check out the source code on Techtalent.ca.

Crypto Titan Coinbase is ‘Making Critical Progress’ in Canada

by

Coinbase reported quarterly earnings report this week. The crypto titan also reiterated its desire to establish “regulatory clarity” within major markets such as Canada. The fintech launched Stand With Crypto last year with an aim to disrupt America’s traditional financial system by encouraging the adoption and legitimacy of crypto assets as legal currencies and investments. Recently, the campaign expanded north to Canada, a nation with an estimated five million holders of crypto assets.

“We continue making critical progress towards driving regulatory clarity in Canada,” stated Lucas Matheson, chief executive of Coinbase Canada. “We believe that Coinbase is uniquely positioned to capitalize from regulatory clarity and help Canada be a leader in the industry.”

Want to know more? Check out the source code on Fintech.ca.

Coinbase Targets Five Million Canadians Through ‘Stand with Crypto’ Campaign

by

Coinbase, the world’s largest crypto custodian, is bringing its “Stand with Crypto” campaign to Canada. Launched last year in the US, the campaign now seeks to rally Canada’s five million crypto holders, aiming to promote crypto adoption and regulation in the country.

Canada, ranked the third-most crypto-aware nation, has a vibrant tech ecosystem, making it a prime target for Coinbase, which employs 200 Canadians, invests in local startups, and sees Canada as a key player in the global crypto economy.

Want to know more? Check out the source code on Fintech.ca.

Coinbase Secures Milestone Canadian Registration as a Restricted Dealer

by

Coinbase, a leading U.S. crypto exchange, has achieved a regulatory milestone in Canada, becoming the first international cryptocurrency exchange registered as a Restricted Dealer. This registration, a collaborative effort with Canadian regulators, marks significant progress in Coinbase’s Canadian expansion since establishing a local office in 2021.

With a robust presence in Canada, including nearly 200 employees and investments in Canadian crypto startups, Coinbase is poised to drive digital asset adoption and economic empowerment. This development reflects the firm’s commitment to regulation and trust-building in the crypto industry, resonating with the Canadian market’s growing interest in cryptocurrency.

Want to know more? Check out the source code on Fintech.ca.