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Sage D. Younger is a tech protocol reporter at CoinDesk. He owns just a few NFTs, gold and silver, in addition to BTC, ETH, LINK, AAVE, ARB, PEOPLE, DOGE, OS, and HTR.
Be a part of crucial dialog in crypto and Web3 going down in Austin, Texas, April 26-28.
Crypto derivatives change dYdX mentioned Friday it’s exiting the Canadian market.
At 17:00 UTC, the change stopped onboarding new customers based mostly in Canada. Present Canadian customers will retain full entry to dYdX’s platform for the following seven days. However on April 14 they are going to be moved to “close-only mode” and solely allowed to exit their positions and withdraw their capital.
DYdX’s wind down in Canada comes a month and a half after the Canadian Securities Directors printed new rules that warned crypto exchanges and buying and selling platforms to adjust to “enhanced investor safety commitments.”
“We hope that the regulatory local weather in Canada will change over time to permit us to renew providers within the nation,” dYdX mentioned in a weblog put up.
At press time the dYdX token was buying and selling at $2.45, sliding roughly 5.4% prior to now 24 hours.
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Sage D. Younger is a tech protocol reporter at CoinDesk. He owns just a few NFTs, gold and silver, in addition to BTC, ETH, LINK, AAVE, ARB, PEOPLE, DOGE, OS, and HTR.
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Sage D. Younger is a tech protocol reporter at CoinDesk. He owns just a few NFTs, gold and silver, in addition to BTC, ETH, LINK, AAVE, ARB, PEOPLE, DOGE, OS, and HTR.
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