Crypto exchange dYdX is exiting the Canadian market. reports
At 17:00 UTC, the exchange stopped onboarding new users based in Canada. Current Canadian users will retain full access to dYdX’s platform for the next seven days. But on April 14 they will be moved to “close-only mode” and only allowed to exit their positions and withdraw their capital.Canadian Securities Administrators published new regulations
that warned crypto exchanges and trading platforms to comply with “enhanced investor protection commitments.” “We hope that the regulatory climate in Canada will change over time to allow us to resume services in the country,” dYdX said in aAt press time the dYdX token was trading at $2.45, sliding roughly 5.4% in the past 24 hours.
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