Coinberry, reportedly Canada’s first federally registered commission-free cryptocurrency trading platform, has recently partnered with BRD, formerly known as Bread Wallet, to introduce the latter’s 1.2 million users to commission-free crypto trading.
According to a recent press release, the partnership was announced at the Blockchain Futurist Conference in Toronto, Canada earlier this month. Toronto-based Coinberry, according to its website, uses proprietary algorithms and trust cryptocurrency exchanges like Kraken to serve its customers.
BRD, formerly known as Bread Wallet, reportedly services users in over 150 countries, allowing with them to store and trade top cryptocurrencies like bitcoin, bitcoin cash, and ethereum, as well as dozens of ERC-20 tokens. The wallet, per the press release, was the first crypto wallet available on Apple’s app store.
The partnership is set to “introduce BRD’s community of 1.2 million users to Coinberry’s platform.” Speaking to Betakit Peter Shanley, BRD’s head of business development, touted the partnership as “an opportunity to continue bridging the gap between the fiat and crypto world.”
He was quoted as saying:
We have offices all around the world, but we can’t be everywhere. So to find trusted, awesome partners and platforms who kind of ascribe to our kind of needs and values of simplicity design, privacy, security, in markets where we don’t have a presence… is a match made in heaven.
Per Adam Traidman, BRD’s CEO and co-founder, Coinberry’s advantages include its support for Canadian bank accounts and its lack of “long wait times,” which the platform presumably doesn’t have thanks to the liquidity of the world’s top crypto exchanges.
Notably there are other commission-free trading alternatives out there for users. Stock trading app Robinhood launched Robinhood Crypto earlier this year, allowing users to trade top cryptocurrencies without paying fees.
The app, which added support for Dogecoin last month, has been expanding in the US to be available to more users. After starting in only four states, its crypto trading service is now available in 18, with Georgia being its latest addition.
The company, as CryptoGlobe covered, is said to be in talks with regulators to offer banking services like savings accounts to its over 4 million users. In June its CEO revealed he believes the majority of users pay “exorbitant fees” with existing wallets and exchanges.