Crypto exchange Bitstamp to end Canadian services in January

Quick Take

  • Crypto exchange Bitstamp will end services in Canada by Jan. 8. 
  • Canadian users must withdraw funds before then and deactivate their accounts afterward.

Crypto exchange Bitstamp will discontinue services in Canada early next year. 

"After initially informing our valued customers in March, Bitstamp will officially discontinue its services to customers in Canada starting Jan. 8, 2024," Bobby Zagotta, Bitstamp's U.S. CEO and Global Chief Commercial Officer, said in a statement emailed to The Block. "As a result, all Canada accounts will be closed and customers will no longer have access to their accounts."

Zagotta urged customers to withdraw their funds by the January date.

"This is not a decision we took lightly, and we thank our Canadian customers for their loyalty over the years," Zagotta added. "We hope to be able to serve Canada again at some point in the future.”  


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Further halt of services

Bitsamp also has halted certain services in the U.S. due in part to the regulatory crackdown by the Securities and Exchange Commission on certain cryptocurrencies.

The exchange stopped the trading of MATIC, SOL, NEAR, AXS, CHZ, MANA and SAND on Aug. 9 and ended ether trading on Aug. 23, The Block previously reported. 

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.


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