Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is not currently available in Canada. The company announced in July 2018 that it would be suspending trading and withdrawals for Canadian users due to “regulatory uncertainty” in the country.

Binance is not the only cryptocurrency exchange to have pulled out of Canada. In January 2018, another major exchange, Kraken, also announced its withdrawal from the Canadian market.

The reason for these exchanges’ exits from Canada appears to be two-fold. First, Canadian regulators have been slow to provide clear guidance on how they intend to regulate the cryptocurrency industry.

This regulatory uncertainty has made it difficult for exchanges to comply with all applicable lAWS and regulations. Second, Canada has relatively high taxes on cryptocurrency trading profits, which reduce the profitability of operating in the country.

Despite the exits of Binance and Kraken, there are still several major cryptocurrency exchanges that serve the Canadian market, including Coinbase, QuadrigaCX, and Bitfinex. These exchanges have been able to navigate the regulatory landscape and remain profitable despite the high taxes in Canada.

It is unclear if or when Binance will re-enter the Canadian market. In the meantime, Canadian users can still access Binance’s international platform by using a VPN.

Binance is one of the world’s largest cryptocurrency exchanges by trading volume but is not currently available in Canada due to “regulatory uncertainty” in the country. While some major exchanges have pulled out of Canada, others have been able to navigate the regulatory landscape and remain profitable despite the high taxes in Canada.

It is unclear if or when Binance will re-enter the Canadian market but Canadian users can still access Binance’s international platform by using a VPN.