- Binance, the world’s largest cryptocurrency exchange, announced it is leaving the Canadian market.
- According to the post, recent changes in the regulatory landscape, particularly with regard to stablecoins and investor limits, have made remaining untenable.
- While describing Canada as a minor market, Binance stated that it has high sentimental value for the company.
- Last month, the decentralized exchange dYdX and the blockchain infrastructure platform Paxos also announced they are leaving Canada due to recent changes in the regulatory landscape.
- On the other hand, Kraken and Gemini have reaffirmed their commitment to their Canadian users and have already taken the first steps to become compliant with the new rules.
This is a breaking story and will be updated as new details emerge.
tokenist.com