News Explorer — Bybit, Other Exchanges Exit Canadian Market, Coinbase Stays

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May 30, 6:01 pm

Coindesk

Bybit, Other Exchanges Exit Canadian Market, Coinbase Stays

Bybit has announced that it will be exiting the Canadian market starting May 31 due to recent regulatory developments. Existing customers will have until July 31 to make new deposits and enter into new contracts, while withdrawals and reductions of positions will be allowed after the closing date. Other crypto exchanges have also shut down their operations in Canada, while Coinbase has stayed committed and praised the country's new approach.

Bybit has announced that it will be exiting the Canadian market starting May 31 due to recent regulatory developments. Existing customers will have until July 31 to make new deposits and enter into new contracts, while withdrawals and reductions of positions will be allowed after the closing date. Other crypto exchanges have also shut down their operations in Canada, while Coinbase has stayed committed and praised the country's new approach.

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