Status Notice: Bybit left Canada in 2023. It stopped opening Canadian accounts on May 31, 2023, ended new deposits and contracts on July 31, and set September 30, 2023 as the date remaining positions would be liquidated. My top pick for Canadians is Coinbase, and Kraken is the closest alternative for this case. You can still read my Bybit review for reference.
Bybit is not an option for new Canadian users: left canada in 2023. Kraken is a registered Canadian dealer with a wide altcoin list. Bybit-style derivatives are not available to Canadian retail anywhere. The comparison pages below are kept as history and for readers who want to see how Bybit stacked up.
- Use instead: Kraken
| Detail | Info |
|---|---|
| CSA Status | Not on the CSA authorized or banned list |
| FINTRAC | Bybit Fintech (Canada) Limited registration expired 2025-03-08 |
| Regulatory | OSC settlement on 2022-06-22: Bybit Fintech Limited disgorged USD 2,468,910 |
| Stated Reason For Exit | 'In light of recent regulatory development' |
What Should Bybit Users Use Instead?
Kraken is a registered Canadian dealer with a wide altcoin list. Bybit-style derivatives are not available to Canadian retail anywhere. My full ranking is in the best crypto exchanges in Canada.
Which Bybit Comparisons Are There?
- Binance Vs Bybit
- Bitbuy Vs Bybit
- Bitget Vs Bybit
- Bull Bitcoin Vs Bybit
- Bybit Vs Bitcoin Well
- Bybit Vs BitMEX
- Bybit Vs Bitvo
- Bybit Vs Coinbase
- Bybit Vs CoinField
- Bybit Vs Crypto.com
- Bybit Vs Gate.io
- Bybit Vs Kraken
- Bybit Vs KuCoin
- Bybit Vs NDAX
- Bybit Vs Netcoins
- Bybit Vs Newton
- Bybit Vs Shakepay
- Bybit Vs Uphold
- Bybit Vs VirgoCX
- Bybit Vs Wealthsimple Crypto
- CoinSmart Vs Bybit
What Changed For Canadian Crypto Exchanges In November 2026?
- : OSC issued an amended decision for Coinsquare Capital Markets Ltd. (Bitbuy), updating its registration terms as an investment dealer. Source
- : Wealthsimple updated its crypto fee schedule to a flat 0.5% baseline fee plus spread (with Active Trader tiers), plus a $1 surcharge on small orders. Source
- : Coinbase launched 23 regulated crypto futures contracts (including BTC, ETH, SOL) for eligible permitted Canadian clients via Coinbase Financial Markets. Source
Frequently Asked Questions
Is Bybit Available To Canadians?
Bybit left Canada in 2023. It stopped opening Canadian accounts on May 31, 2023, ended new deposits and contracts on July 31, and set September 30, 2023 as the date remaining positions would be liquidated.
What Should I Use Instead Of Bybit?
Kraken is a registered Canadian dealer with a wide altcoin list. Bybit-style derivatives are not available to Canadian retail anywhere.
Is Bybit Registered In Canada?
Not on the CSA authorized or banned list. See the status table above for the registry details I checked.
Where Can I See Bybit Comparisons?
The list on this page links every comparison page on the site that includes Bybit, kept for reference.