Notice on Exit from Canadian Market

May 30, 2023DerivativesTrading BotsSpot

Disclaimer: This is a general announcement. Products and services referred to here may not be available in your region. Please refer to T&C for more details.

It has always been Bybit's primary objective to operate our business in compliance with all relevant rules and regulations in Canada. In light of recent regulatory development, Bybit has made the difficult but necessary decision to pause the availability of our products and services.

For New Users:

Effective from May 31, 2023, 8AM UTC, Bybit will no longer be accepting account opening applications by any identified Canadian residents and existing Canadian nationals (a "Canadian Customer").

For Existing Users:

Effective from July 31, 2023, 8AM UTC, Canadian Customers will no longer be able to make any new deposits or enter into new contracts or increase any of their existing positions for all products and services. They can, however, withdraw or reduce their positions.

Canadian Customers who are implicated by these measures should take steps by September 30, 2023, 8AM UTC to wind down and manage their positions. Failing which, open positions in any margin products and derivative contracts, including the following products listed below will be liquidated and the liquidated funds will be available for withdrawal.

Product	Post Announcement Impact
Spot – Convert	Not available since Jul 31, 2023
Spot – Spot Trading	Not available since Jul 31, 2023
Spot – Marging Trading	Not available since Jul 31, 2023, will be liquidated on Sep 30, 2023. Automatic compulsory loan and interest repayment from customer's Spot account
Spot – Leveraged Tokens	Not available since Jul 31, 2023, will be liquidated on Sep 30, 2023. Automatic Sale/redemption of All Leveraged Tokens at Market Price (to UDST as default)
Spot – Crypto Loans	Not available since Jul 31, 2023, will be liquidated on Sep 30, 2023. Automatic payment off loans through customer‘s collateral
Spot – Launchpad	Not available since Jul 31, 2023
Spot – ByVotes	Not available since Jul 31, 2023
Spot – ByStarter	Not available since Jul 31, 2023
Spot – Bybit Lending	Not available since Jul 31, 2023, will be liquidated on Sep 30, 2023. Automatic payment off loans through customer‘s collateral
Derivative – Future Contracts	Not available since Jul 31, 2023, will be liquidated on Sep 30, 2023. Termination of all orders and positions based on market value.
Derivative – Futures MT4	Not available since Jul 31, 2023, will be liquidated on Sep 30, 2023. Automatic Closure of Open Positions
Derivative – Options	Not available since Jul 31, 2023, will be liquidated on Sep 30, 2023. Automatic Closure of Open Positions
Earn – Dual Asset	Not available since Jul 31, 2023. Automatic cancellation of existing positions on Sep 30,2023
Earn – Launchpool	Not available since Jul 31, 2023. Automatic cancellation of existing positions on Sep 30,2023
Earn – Flexible savings	Not available since Jul 31, 2023. Automatic cancellation of existing positions on Sep 30,2023
Earn – Fixed savings	Not available since Jul 31, 2023. Product terminated upon reaching maturity.
Earn – Liquidity Mining	Not available since Jul 31, 2023. Automatic cancellation of existing positions on Sep 30, 2023.
Earn – ETH 2.0 PoS Staking	Not available since Jul 31, 2023. Users will also stop receiving interst from Sep 30, 2023.
Fiat – P2P	Not available since Jul 31, 2023
Fiat – One-Click buy	Not available since Jul 31, 2023
Fiat – Deposits	Not available since Jul 31, 2023
Fiat – Withdrawals	Available
Fiat – Channel	Not available since Jul 31, 2023
Copy Trading	Not available since Jul 31, 2023 Master Traders impacted will no longer be listed or searchable. Followers of these Master Traders will also have respective positions closed.
Bot – Spot Grid Bot	Not available since Jul 31, 2023. Automatic cancellation of existing positions
Bot – DCA Bot	Not available since Jul 31, 2023 Automatic cancellation of existing positions
Bot – Futures Grid Bot	Not available since Jul 31, 2023, will be liquidated on Sep 30, 2023 Automatic cancellation of existing positions
UTA	Trading suspended on 30 Sep 2023. Auto repayment will be triggered in their Unified Trading Account.

As the adoption of crypto continues to grow, our mission is to provide safer and sustainable trading experience to all crypto enthusiasts while maintaining necessary safeguards. We apologize for any inconvenience this may cause, and appreciate your continued support.