• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Will Trump Pardon Sam Bankman-Fried? Polymarket Odds Surge as Traders React to CZ’s Release
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Will Trump Pardon Sam Bankman-Fried? Polymarket Odds Surge as Traders React to CZ’s Release
Binance

Breaking: Binance Will Proactively Withdraw From The Canadian Crypto Marketplace

Mudiaga Iritare
by Mudiaga Iritare
2 years ago
·
Posted in Uncategorized
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Binance, the biggest cryptocurrency exchange and trading platform, has shared that it will join other major crypto platforms and companies in “proactively withdrawing from the Canadian marketplace.” Unfortunately, this decision will result in excluding crypto users in Canada. The announcement was made with a somber tone by the Binance team.

Related Reading: Are We Witnessing A NFT Capitulation? Market Sees Biggest Drop Of 2023

Binance Proactively Withdraws Services To Canadians

A surprising announcement came from Binance’s official Twitter account on May 12, 2023, stating that they will be withdrawing their crypto operations and services from the Canadian market in a proactive move.

Binance expressed gratitude towards Canadian regulators for collaborating to provide Canadian customers with adequate crypto services and products. However, the company has decided to discontinue these services.

The largest crypto exchange, led by CEO Changpeng “CZ” Zhao, is withdrawing from their home country due to stricter crypto regulations and operational guidelines imposed by authorities. This new development is causing concern within the crypto community.

Canada recently released new guidance for crypto companies about stablecoins and certain limitations for crypto investors to stifle crypto operations in the country.

According to the official announcement, Binance, in efforts to maintain the relationship with its Canadian crypto users and community, “tried its best to allay fears of this strict regulation by exploring other areas to protect its users but found none.”

The Canadian crypto market is no longer “tenable for Binance,” as the tweeted announcement shows. Commenting on the announcement, CZ stated the following reflecting upon negative news shared in 2018:

Not sure how many people remember the events on this day in 2018. It was not positive. Now, the issue is mostly resolved, and we have grown.

BNB Binance Bitcoin BTC BTCUSDT
BTC’s price trends to the downside on the daily chart. Source: BTCUSDT Tradingview

What’s Next For Canadian Crypto Users?

The Binance withdrawal announcement from Canada does not leave users in this jurisdiction hanging. It states that the exchange will send out a detailed official email to all users on how this new development will impact their accounts going forward.

Related Reading: PEPE Sees Heavy Futures Liquidations As Price Crashes 24%

The announcement also assures Canadian users that Binance is confident in returning someday when its users have the free will to access a broader suite of digital assets services. And while the exchange currently disagrees with the new Canadian crypto regulations and guidelines, it hopes to continue its engagement with regulatory officials in the country to arrive at a thoughtful and thorough regulatory framework for crypto operations.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Mudiaga Iritare

Mudiaga Iritare

Follow

Full Profile

Related Posts

Il Trader Bitcoin che Ha Perso 100 Milioni di Dollari è Tornato

Bitcoin sotto test: l’effetto delle liquidazioni short da 180 milioni di dollari

7 hours ago
bitcoin hyper

Bitcoin Hyper naslednji kripto s 100x donosom? Analiza stroke

7 hours ago
Najlepšie krypto predpredaje v tomto okamihu: Maxi Doge (MAXI) dominuje medzi skorými investormi.

Najlepšie krypto predpredaje v tomto okamihu: Maxi Doge (MAXI) dominuje medzi skorými investormi.

11 hours ago
Nejlepší krypto předprodeje současnosti: Maxi Doge (MAXI) dominuje mezi ranými investory

Nejlepší krypto předprodeje současnosti: Maxi Doge (MAXI) dominuje mezi ranými investory

12 hours ago
Alibaba’s Qwen AI dự đoán giá XRP, DOGE và SOL

Alibaba’s Qwen AI dự đoán giá XRP, DOGE và SOL vào tháng 11/2025

15 hours ago
Maxi Doge

Các Meme coin tiềm năng: Maxi Doge thu hút 3,7 triệu USD, hướng tới mức tăng 100x

15 hours ago

Premium Sponsors

Press Releases

  • Белият дом туит

    Туитът за Белия дом на GameStop...

    12 hours ago
  • ...

    13 hours ago
  • Snorter Bot...

    5 days ago
  • ORIGIN Protocol's LGNS Achieves Historic Milestone: Liquidity Tops $194 Million, Reclaiming Title as Global Leader in DeFi

    ORIGIN Protocol’s LGNS Achieves Major Milestone...

    6 days ago
  • bonus kcex

    Bonus KCEX: promozione da $21.000 con un bonus deposito del...

    6 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.