Coinbase Halts USDT, DAI, and RAI Trading in Canada Amid Regulatory Shift
Following the path of Crypto.com, which earlier suspended USDT trading after the Ontario Securities Commission (OSC) imposed a ban in 2021, Coinbase seeks to align with Canadian regulatory standards. advertisement Exchanges adjust to new regulations The recent increase in Canadian regulators ‘ focus on cryptocurrency exchanges has forced several companies to adjust their strategies or flee the country. Due to regulatory issues, OKX and Bittrex Global have already gone, and Binance aims to do the same in September. Coinbase is adamant about getting a foothold in the Canadian market. Although trading in stablecoins has been temporarily halted, the exchange has added support for Interac e-Transfer to make it easier for customers to make deposits and withdrawals. Thanks to the country’s widespread crypto literacy and thriving technology sector, Coinbase is still confident in Canada ’s future...