Cryptocurrency exchange Bitstamp plans to halt its operations in Canada starting from January 8, 2024. The exchange has advised its Canadian customers to withdraw their funds and deactivate their accounts before the deadline. Bitstamp’s decision to exit the Canadian market is primarily due to timing issues and the need to focus on regions where it can align more effectively with local regulations. However, the exchange remains committed to serving its global user base and may consider reentering the Canadian market in the future, depending on regulatory environments and market conditions. Bitstamp is currently raising funds to expand its global operations, including launching derivatives trading in Europe and expanding services in the United Kingdom. As one of the world’s longest-running cryptocurrency exchanges, Bitstamp serves numerous countries, including the United States, Singapore, South Korea, and Japan. Despite its longevity, Bitstamp’s daily trading volumes are significantly lower compared to major competitors like Binance.

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Information	Details
Geography	North America
Countries	🇺🇸 🇨🇦 🇸🇬 🇯🇵 🇬🇧
Sentiment	neutral
Relevance Score	0
People	Bobby Zagotta
Companies	Binance, CoinGecko, Bitstamp, Cointelegraph
Currencies	Bitcoin
Securities	None