In a statement released on 12 May, Binance said it was “joining other prominent crypto businesses in proactively withdrawing from the Canadian marketplace”.
“Unfortunately, new guidance related to stablecoins and investor limits provided to crypto exchanges makes the Canada market no longer tenable for Binance at this time,” Binance says.
“We put off this decision as long as we could to explore other reasonable avenues to protect our Canadian users, but it has become apparent that there are none.”
