Regulatory drama leads Bybit to exit the Great White North. No new accounts from May 31, 2023. Existing users can continue the journey until July 31, 2023.
Cryptocurrency exchange Bybit has announced it will be pausing its products and services to residents and nationals of Canada following certain developments in the regulatory space.it will not accept account opening applications from Canadians starting on May 31. Current users of the crypto exchange will have until July 31 to make deposits and “increase any of their existing positions” before these services are phased out, with other positions liquidated after Sept. 30.
Bybit did not offer any explanation for the market exit other than “recent regulatory development” in Canada. The Ontario Securities Commission
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