Bybit exits Canadian market, following in Binance's footsteps
The move mirrors that of Binance, the world's largest crypto exchange, in terms of leaving Canada.
![image Others](https://image.coinlive.com/24x24/cryptotwits-static/ffe29d6a79ecb8708b7769f5577f1bb5.png)
The move mirrors that of Binance, the world's largest crypto exchange, in terms of leaving Canada.
This latest approval highlights Bybit's continued commitment to expanding its presence in emerging and dynamic markets.
Deputy Chairman of the State Duma Alexander Babakov suggested that the three countries should trade using a common digital currency.
Bybit and Swyftx are the latest victims of the spreading crypto contagion, with both firms announcing job cuts in the wake of FTX collapse.“
Bybit is the latest crypto exchange to slash a sizeable portion of its workforce.
Huobi and Bybit have publicly provided their proof of reserves to assure investors.
The country's central bank, Bank of Russia, has reportedly admitted that cross-border payments in crypto are inevitable in the present geopolitical conditions.
Cryptocurrencies can be used in cross-border or international payments only if they don’t get into Russia’s domestic financial system, the Bank of Russia governor said.
"Bybit responded to the OSC’s enforcement action, maintained an open dialogue, provided requested information, and committed to engaging in registration discussions," said the OSC.
The function enables users to speculate on future prices of cryptos and settle their trades using USDC.