Bybit is the next to exit Canada, stating regulatory reason

[joniboini]

This is unfortunate for Canadian Crypto users but I'm sure the Canadian Crypto supporters will find a way to continue holding their coins, there will always change in policy in the future Cryptocurrency technology cannot be stopped not by any government policy.

You can also look at it as a blessing in disguise if you don't want centralization of power. Being reliant on Binance or other exchanges is not really a good idea in the long run IMO. Obviously, people will always want the best service, so I hope there will be competitors that come out of something like this. I guess we need to see if there will be new businesses that follow the regulations or not, or if banks will take the chance to increase their influence on the market.

[Oshosondy]

You can also look at it as a blessing in disguise if you don't want centralization of power. Being reliant on Binance or other exchanges is not really a good idea in the long run IMO. Obviously, people will always want the best service, so I hope there will be competitors that come out of something like this. I guess we need to see if there will be new businesses that follow the regulations or not, or if banks will take the chance to increase their influence on the market.

If you want a decentralized exchanges , you can go for Bisq.

If you want no KYC exchanges, you can go for any of these exchanges: https://kycnot.me

There is a thread on this forum about no KYC exchanges: Current list of exchanges without KYC

There are competitors.

There are almost 700 exchanges in the world now.

[merekamo]

After read that for above link, in this case have both positive and negative impacts on the Canadian cryptocurrency ecosystem. On the one hand, stricter regulations can help protect users from fraudulent activities and ensure the overall stability of the market. For my reason is exit of major exchanges may limit the options available to Canadian users and potentially hinder the growth of the cryptocurrency industry in the country. It is essential for Canadian authorities to strike a balance between ensuring compliance with regulations and fostering a supportive environment for the growth of the cryptocurrency sector.

[BitSwapNow]

In light of recent developments in the cryptocurrency market, it is increasingly evident that a shift towards non-custodial exchanges is imperative. BitSwapNow emerges as a prominent player in this arena, offering a comprehensive solution for traders and investors seeking enhanced security and convenience.

BitSwapNow ensures smooth and efficient transactions across different blockchain networks by providing a strong platform that supports over 850 instant cross chain swaps. This wide range of supported swaps enables users to diversify their portfolios and explore various cryptocurrency ecosystems without facing the usual limitations.

One of the notable features of BitSwapNow is its focus on users, eliminating the need for time-consuming and cumbersome sign-up processes. By removing this barrier, the platform empowers users to quickly engage in trades and take advantage of market opportunities with minimal friction. This streamlined experience not only saves time but also enhances user privacy by eliminating the requirement to disclose personal information.

Additionally, BitSwapNow's non-custodial nature adds an extra layer of security for users' digital assets. By removing intermediaries typically associated with custodial exchanges, the platform reduces the risk of funds being vulnerable to hacking or unauthorized access. This enhanced security mechanism aligns with the fundamental principles of blockchain technology, emphasizing decentralization and giving users control over their assets.

In conclusion, the time has come to embrace non-custodial exchanges like BitSwapNow. With its extensive offering of over 850 immediate cross chain swaps and a user-friendly interface that eliminates sign-up requirements, BitSwapNow emerges as a dependable and secure platform for traders and investors. Embracing this shift not only ensures greater convenience and flexibility but also aligns with the evolving landscape of cryptocurrency trading, prioritizing user empowerment and asset security.

[yhiaali3]

In light of recent developments in the cryptocurrency market, it is increasingly evident that a shift towards non-custodial exchanges is imperative. BitSwapNow emerges as a prominent player in this arena, offering a comprehensive solution for traders and investors seeking enhanced security and convenience.

Really but I'm sorry to say I hadn't heard of BitSwapNow before now!!!
Anyway, all decentralized exchanges are almost similar to each other in terms of services, so I don't know what makes BitSwapNow stand out in this field??!!!

There are decentralized exchanges that have imposed their presence strongly in the market such as Uniswap, 1Inch, PancakeSwap, and Bisq due to their popularity and outstanding services.

I am personally with diversity and against any centralized or decentralized platform controlling the market because this poses a great risk to the market.

[BitSwapNow]

100%. We are a small service that is trying to grow in this space . Of course there are other similar services in the space. We do provide great support turn around times when neccessary. We value our users privacy and have no sign ups for cross chain swaps. We also share daily news from the crypto world covering blockchain, altcoins, defi, nfts ect. Just thought it would help some Canadian and other users that's all.