Coinbase has integrated PayPal as a new payment method for Canadian users to buy and sell cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH). The feature officially launched on August 5, 2025, providing an alternative to existing options like Interac e-Transfer, EFT, bank deposits, and debit cards.
Canada represents a strategic market with approximately 10 million PayPal accounts. While not all users will transact in crypto, this integration significantly lowers entry barriers and enhances accessibility. Coinbase emphasized its position as Canada's largest international exchange since its 2023 launch and its status as the first registered Restricted Dealer in the country.
Historical patterns suggest potential volume increases, as PayPal's previous crypto integrations have boosted activity for major assets like BTC and ETH. Coinbase stated: "This direct integration leverages PayPal’s established payment system to enhance convenience" and aligns with their mission to bring more Canadians into the cryptoeconomy. Though immediate metrics remain undisclosed, analysts anticipate elevated transaction volumes and fiat-to-crypto flows.