Bybit exits Canadian market, following in Binance's footsteps
The move mirrors that of Binance, the world's largest crypto exchange, in terms of leaving Canada.

The move mirrors that of Binance, the world's largest crypto exchange, in terms of leaving Canada.
This latest approval highlights Bybit's continued commitment to expanding its presence in emerging and dynamic markets.
Bybit and Swyftx are the latest victims of the spreading crypto contagion, with both firms announcing job cuts in the wake of FTX collapse.“
Bybit is the latest crypto exchange to slash a sizeable portion of its workforce.
Exchanges like Binance, BitMEX, and OKX are limiting deposits and withdrawals for Solana’s top stablecoins, without explanation.
Huobi and Bybit have publicly provided their proof of reserves to assure investors.
"Bybit responded to the OSC’s enforcement action, maintained an open dialogue, provided requested information, and committed to engaging in registration discussions," said the OSC.
Crypto regulations in South Korea require exchanges to enforce strict KYC and AML guidelines and major crypto exchanges have delisted privacy coins in the past as well.
The major crypto exchange said on Thursday it would delist the trading pair if the price fell under 0.005 USDT, which has already happened.
The function enables users to speculate on future prices of cryptos and settle their trades using USDC.