DYdX is shutting down its services for Canadian users over the next seven days.
In a blog post on April 7, the company stated that it will be “winding down services” in Canada, beginning with the halting of new user onboarding in the country. On April 14, the exchange will move all existing Canadian users to “close-only mode,” allowing them only to withdraw funds.
dYdX is winding down user access from Canada on April 7th at 17:00 UTC. This restriction may be disruptive to certain users and regret any inconvenience. As part of the wind down process, existing Canadian users will be able to continue to execute trades for one week. On April 14th, dYdX will move all existing users in Canada to close-only mode, and users will maintain the ability to withdraw funds from the protocol at any time. The company is committed to providing transparency around product decisions and democratizing access to financial opportunity.
Compiled by Coinbold