Breaking: Binance Announces It Is Departing From Canada

Binance, the world’s largest cryptocurrency exchange, announced it is leaving the Canadian market.

According to the post, recent changes in the regulatory landscape, particularly with regard to stablecoins and investor limits, have made remaining untenable.

While describing Canada as a minor market, Binance stated that it has high sentimental value for the company.

Last month, the decentralized exchange dYdX and the blockchain infrastructure platform Paxos also announced they are leaving Canada due to recent changes in the regulatory landscape.

On the other hand, Kraken and Gemini have reaffirmed their commitment to their Canadian users and have already taken the first steps to become compliant with the new rules.This article originally appeared on The Tokenist

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.