First North American Bitcoin ETF Approved by Canadian Securities Regulator
The Ontario Securities Commission gave its blessing Thursday.
The action against Bybit follows a similar one the OSC took against KuCoin trading platforms earlier this month.
The Ontario Securities Commission said the trading platform has failed to register.
"Binance can no longer continue to service Ontario-based users," the exchange said Friday.
The Ontario Securities Commission says the Seychelle Islands-based trading platform did not register as an exchange.
It may encourage U.S. regulators to approve their first bitcoin exchange-traded fund.