Nook is Now Live in Canada

We are excited to welcome Canada as our first country of international expansion

Today we are excited to announce that Nook is now live in Canada, for all iOS users.

Nook is the easiest way to earn up to 7.6% APY or higher, and has become the highest earning app in the app store here in the US.

For months we have been building towards this. The easiest way to onramp into stablecoin yield earnings. And over time, we have built up momentum here in the U.S. but also other markets outside of the U.S. as well. One of the most frequent questions we have gotten over time is - when Canada?

Why Canada?

We love Canada. And we think Canada loves us.

Across YouTube, Reddit and other forums, we heard directly from Canadians facing the same challenges we have here in the United States. Inflation, flat wages and low bank rates. Earning a passive yield rate is either too tedious or not returning enough.

There are some nuances an challenges to a specific market like Canada, but overall, we thin Nook in Canada will still be a great fit for a few main reasons.

(1) Nook is a self custody product. Like Phantom or Coinbase Wallet, Nook does not custody your funds. It's your wallet, your keys and in your control.

(2) Transfers to and from Nook are supported by Coinbase. Because of the Coinbase onramp feature, customers can deposit using their debit card or bank account tied to their Coinbase account.

(3) Timezone. We offer 24/7 support with a 12 hour maximum response time. We have held to that with our US customers and have plans in place to keep that as we scale up for Canada.

What is next for Nook?

As we launch Canada and collect feedback, a key part of our international rollout is to listen. We want to hear directly from our Canadian customers what's working and what's not. Earnings and savings is a high trust act and process, and a huge part of that trust is communication. Onramps, payouts, withdraws etc.