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Crypto Exchange Gemini to Exit Canadian Market by December 2024: Report

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Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has reportedly informed its Canadian users that it will cease operations in the country by December 31, 2024.Users Given 90 Days to Withdraw Assets

“Effective December 31, 2024, Gemini will close all customer accounts in Canada with limited exceptions. As a result, we will be closing your Gemini account,” the company said. As part of this mandate, a deadline of April 30, 2024, was established for registered crypto trading platforms . After this date, these platforms would be prohibited from allowing clients to buy, deposit, or enter into contracts for value-referenced crypto assets tied to a single fiat currency unless they adhere to the requirements outlined in the notice.

 

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Crypto Retail Market Is Poised for a Rebound: GeminiWill Canny is a finance reporter at CoinDesk.n
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