Where Coinbase Canada Goes, so Does the World

To that end, Coinbase recently joined the Canadian Web3 Council, a multi-party non-profit organization thatโ€™s looking to loosen up recent legislative and regulatory initiatives in Canada that are currently driving crypto companies out of the country. In recent months, for instance, a number of exchanges have decided to pull out of Canada, including Binance, Bybit, dYdX, OKX, Paxos and Bittrex (the last of which has since declared bankruptcy), in direct response to โ€œrecent regulatory developments.โ€

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