{"id":315918,"date":"2023-04-07T21:17:00","date_gmt":"2023-04-07T20:17:00","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=315918"},"modified":"2023-04-07T21:17:00","modified_gmt":"2023-04-07T20:17:00","slug":"derivatives-exchange-dydx-to-discontinue-canadian-services","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/derivatives-exchange-dydx-to-discontinue-canadian-services\/","title":{"rendered":"Derivatives exchange dYdX to discontinue Canadian services"},"content":{"rendered":"

The crypto derivatives exchange dYdX has announced that it will no longer offer its services to Canadian users, according to an April 7<\/a> blog post.<\/p>\n

The site said that Canadian users would not be able to join the exchange as of April 7. However, existing Canadian users will only be able to execute and close trades as of April 14. Canadian users will also be able to withdraw funds after that time.<\/p>\n

The project attributed its decision to recent regulatory developments, writing that it hopes that Canadian regulations will change and allow it to provide services again.<\/p>\n

Though dYdX did not state which regulations were at play, Canadian regulators have recently imposed rules<\/a> that require exchanges to segregate Canadian users' crypto assets from other assets and refrain from providing select services.<\/p>\n

Certain crypto companies, including Blockchain.com and OKX, have also suspended Canadian operations. Others, such as Coinbase and Kraken, plan to stay in the country.<\/p>\n","protected":false},"excerpt":{"rendered":"

The crypto derivatives exchange dYdX has announced that it will no longer offer its services to Canadian users, according to an April 7 blog post. The site said that Canadian users would not be able to join the exchange as of April 7. However, existing Canadian users will only be able to execute and close […]<\/p>\n","protected":false},"author":1403,"featured_media":221390,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46940,39,11],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"\nDerivatives exchange dYdX to discontinue Canadian services<\/title>\n<meta name=\"description\" content=\"The crypto derivatives exchange dYdX has announced that it will no longer offer its services in Canada, according to a blog post on April 7.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/derivatives-exchange-dydx-to-discontinue-canadian-services\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Derivatives exchange dYdX to discontinue Canadian services\" \/>\n<meta property=\"og:description\" content=\"The crypto derivatives exchange dYdX has announced that it will no longer offer its services in Canada, according to a blog post on April 7.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/derivatives-exchange-dydx-to-discontinue-canadian-services\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-07T20:17:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/02\/bitcoin-canada.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mike Dalton\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mike Dalton\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/derivatives-exchange-dydx-to-discontinue-canadian-services\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/derivatives-exchange-dydx-to-discontinue-canadian-services\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/mike-dalton\/#person\",\"name\":\"Mike Dalton\",\"url\":\"https:\/\/cryptoslate.com\/author\/mike-dalton\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/mike-dalton\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/mike-dalton\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/mike-dalton-author-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/mike-dalton-author-300x300.jpg\",\"caption\":\"Mike Dalton\"},\"jobTitle\":\"Former Journalist\",\"description\":\"Before transitioning to crypto writing in 2018, Mike studied library and information sciences. 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