The withdrawal of Binance from Canada is helping Kraken, the top cryptocurrency trading platform. Because the company claimed it disagreed with the country’s new regulations, Binance was forced to leave the Canadian market. In other news, Tradecurve, a startup project paving the way for exchanges, has attracted significant interest in stage three of its presale following a 25% price increase.
Kraken benefits from Binance’s withdrawal.
The largest cryptocurrency exchange in the world, Binance, said on May 12 that it was leaving Canada due to regulations that made it impossible for the company to continue operating. A few weeks later, the Ontario Securities Commission announced that it was looking into Binance’s activities in the country.
Due to Binance’s departure from Canada, Kraken has benefited, with customer deposits increasing by more than 25% over the past three weeks. Additionally, Kraken reported a five-fold increase in the quantity of app downloads in Canada. The nation’s regulatory structure was strengthened early this year, which led to exchanges moving to another country.
Following the legal changes, Blockchain.com, Deribit, Bybit, OKX, Paxos, and Binance have all announced their withdrawal from Canada. According to Kraken, the industry is hesitant to support the improved Pre-Registration Endeavour (PRU) of Canada.
Tradecurve’s stage 3 presale, Binance’s rival, soars
Tradecurve, a market that enables consumers to open accounts without KYC requirements, would likely remove the legislative obstacles that prevent centralized cryptocurrency exchanges like Binance from operating in Canada. Customers can also open permissionless accounts where they can deposit cryptocurrencies without limits from anywhere on the planet, giving them complete control over their digital assets.
Tradecurve’s hybrid trading model combines the greatest aspects of centralized and decentralized exchanges, as well as increased security, privacy, liquidity, and transparency via a proof of reserve. Tradecurve also presents an all-inclusive trading platform that enables traders to trade a range of global financial instruments from a single account, including options, shares, ETFs, foreign currency, commodities, and more.
Tradecurve is a significant contender for the top crypto exchange due to a number of factors, including the inclusion of unfavorable stability protection, algorithmic trading, huge leverage (500:1), copy trading, social trading, and a trading academy. These are a some of the factors that have drawn traders to the Tradecurve presale. After a 25% increase in the value of its native TCRV coin, traders are paying close attention to Tradecurve’s presale.
A TCRV token is now available for $0.015 during the third presale round before its value increases again. Crypto researchers forecast that TCRV’s value would increase by 50 times during its presale period and by up to 100 times once its listings on both centralized and decentralized exchanges. This creates a significant alternative to investing in a significant business.
