Crypto Derivatives Exchange dYdX Ices Canadian Market

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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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Be true Be you

Im fine with Kucoin, I buy a lot from good projects.. there but $KCS is my main so far.. Hodl Crypto cryptoexchange QuaiNetwork nhct om doge btc shib $sana

goodfreephotos

OKX and Nexo are doing the same 🤔 If they can’t operate under Canadian regs, what does that tell you about their products? 🤷‍♂️

The garychain appchain thesis is that GG will prolly lose to tokens at the the consensus layer but prolly not to tokens at the dao governance layer

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ilmeaalim

DESK tokens?

Who cares about them rlly...

DeFi platform without KYC is leaving due to regulations? Doesn't make sense.

This has never been about regulations this has always been about control and preserving status quo.

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