Bitstamp to leave Canada amid regulatory crackdown
European crypto exchange Bitstamp is leaving the Canadian market, saying it will discontinue its services in Canada starting January 2024. Cryptocurrency exchange Bitstamp is withdrawing from Canada starting January 2024 as the country imposed stricter rules on crypto companies. In a commentary to media on Oct. 10, Bitstamp’s U.S. CEO Bobby Zagotta said the exchange will discontinue offering services in Canada “starting Jan. 8, 2024.” While the exact reason for the exit is unknown, Zagotta noted it was “not a decision we took lightly.” “We hope to be able to serve Canada again at some point in the future.” Bobby Zagotta, Bitstamp’s U.S. CEO Bitstamp has become the latest crypto trading platform to leave Canada, following other companies such as Binance, Paxos, DyDx, Bybit, and OKX. The exodus comes after the Canadian Securities Administrators (CSA) set a deadline for crypto businesses to register with the local regulators. Yo...