Bybit Exchange Pulls Out Of Canadian Markets Due To Regulatory Shifts

Due to recent regulatory changes Bybit Exchange has announced its decision to cease operations in Canada following in the footsteps of Binance and OKX. Stricter measures by the Canadian government including a pre registration process and a ban on leveraged trading prompted Bybit to suspend its service and ban deposits and new registrations from July 31. Users are advised to close their positions before September 30th. All remaining positions will be liquidated for withdrawal of funds.