Crypto derivatives exchange dYdX has announced its exit from the Canadian market, citing the new regulatory guidelines published by the Canadian Securities Administrators last month.
Canadian users will be able to access the platform until April 14 and will be moved to “close-only mode” afterward, meaning they can only exit their positions and withdraw their capital. The dYdX token was trading at $2.45 at press time, showing a decrease of roughly 5.4% in the past 24 hours.
The exchange expressed hope for regulatory changes in Canada that would allow it to resume services in the country in the future.
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