TL;DR: Canadian users can now select PayPal as a payment option, making it easier to buy and sell cryptocurrencies.
With nearly 10 million active PayPal accounts across the country, Canadians have long trusted PayPal for their financial needs - whether its shopping, running their business, sending money or managing their funds online. We’re now adding another layer of convenience for Canadian crypto holders by integrating PayPal with Coinbase, allowing users to buy and sell using PayPal. This collaboration supports our global goal of onboarding one billion people to the cryptoeconomy and marks a meaningful step in our continued expansion across priority markets like Canada. The timing reflects growing momentum, with more than five million Canadians owning crypto.
PayPal Payment Option for Coinbase Services
Until now, Coinbase Canada users could fund their accounts through Interac e-Transfer, Electronic Funds Transfer (EFT), direct bank deposits and debit cards. With PayPal now available as a payment method, Canadians have another fast, familiar way to buy crypto using their PayPal account. This integration streamlines access to Coinbase Canada’s full suite of offerings, from simple and advanced trading to staking.
Crypto is the future of money. Expanding access through trusted tools like PayPal helps reduce friction, lower fees, and bring more Canadians confidently into the cryptoeconomy.
“At PayPal, we’re driving the future of digital commerce for Canadians—combining trusted money management with cutting-edge commerce tools. Our partnership with Coinbase makes accessing and funding crypto accounts effortless, opening new doors to the digital economy for more people” — John Froese, Senior Vice President, PayPal.
Deepening our Investment in Canada
Since launching in Canada in 2023, we've become the largest and first international exchange to be registered as a Restricted Dealer. We've been working hard to establish ourselves as a secure and reliable platform for Canadians to access the cryptoeconomy. Integration with PayPal is another key step in increasing financial accessibility for all Canadians.
International
About Lucas Matheson
Lucas Matheson is Coinbase's Canadian Country Director. He is committed to helping create a more equitable financial system in Canada through the power of blockchain.
Lucas has always believed in Coinbase’s mission. He opened his Coinbase account back in 2014, long before joining the company. In his role, he ensures Coinbase is built for Canadians and with their interests in mind. Working with partners, government and regulators, he is making crypto more accessible to Canadians.
Prior to Coinbase, he was the founder and CEO of Pinshape (exit Formlabs), and Senior Director at Shopify leading various operational and finance teams.
Lucas is passionate about entrepreneurship. He spends his spare time advising entrepreneurs and founders on how they can grow and scale, and actively invests in web3 projects and infrastructure.
Coinbase has closed our acquisition of Deribit, officially making Coinbase the most comprehensive global crypto derivatives platform. This follows a record month of volume and revenue for Deribit as international momentum around crypto options heats up.
