Popular cryptocurrency exchange Bybit has announced that it will withdraw from the country market due to recent regulatory developments in Canada.
According to the post published by Bybit on its official website, the stock market Binance And many crypto after the money market regulator in canada due to circumstances ceased its activities in the country.
In the share made by the stock market, TSI From 11:00 on 31 May new citizens of the country from unable to open account while existing users From services until 31 July was stated to be beneficial.
Stating that customers will not be able to make deposits as of 31 July, Bybit making transactions And liquidation of positions to be made until September 30 He stated that steps should be taken. Otherwise, it was emphasized that the positions would be liquidated by the stock market.
At the end of last year, the Canadian government keep customer assets separate And using a third party custodian After announcing many new requirements, especially in the first place, many exchanges left the country. Leading cryptocurrency exchanges Binance and OKX, decentralized cryptocurrency exchange (DEX) dYdX editor problems justification He announced that he was leaving the country.