Coinbase Halts Stablecoin Trading for Canadians Due to Regulation!

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Coinbase Halts Stablecoin Trading for Canadians Due to Regulation!


Crypto Live News

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Coinbase, a leading cryptocurrency exchange, will no longer support trading on three stablecoins—USDT, DAI, and RAI—for Canadian users. The exchange has informed its customers that they will not be able to trade in these stablecoins after the end of this month. The decision has been taken due to regulatory compliance issues. Canadian users have been advised to convert their holdings in these coins to other cryptocurrencies or move them to a different exchange that supports these assets. Coinbase has assured its customers that regular trading in other cryptocurrencies will remain unaffected.





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