According to an official announcement, Bybit has decided to pause its products and services in the Canadian market in light of recent regulatory development. As of 8:00 UTC on May 31st, 2023, Bybit will no longer accept any account opening applications by any identified Canadian residents and existing Canadian nationals. As of 8:00 UTC on July 31st, 2023, Canadian users will no longer be able to make any new deposits or enter into new contracts, but will be able to withdraw or reduce their positions.
Affected Canadian clients should take steps to wind down and manage their positions by 8:00 UTC on September 30th. Otherwise, open positions in any margin products and derivative contracts will be liquidated and the liquidated funds will be available for withdrawal.