Binance banned in Ontario Canada, What does that mean

Hello everyone. It has come to my attention that we in Ontario Canada are being kicked out as of Dec 31st, 2021. Heres a link to Binances statement [](

So heres what I gather, we are in a restricted region, but are getting kicked out on new years eve. Fun!

now for my question. What is actually getting banned, unregulated trading options, or buying selling and hodling on there as well (I know I know…). Would I be able to get my crypto out if I held past this date, would I be permanently locked out. The broadness is a bit disappointing, but oh well. Hope you guys can help me out.


Have a great day 🙂

What do you think?

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  1. The OSC’s take is that derivatives are securities and thus any platform that offers it to Ontarians should register with them. If you’re interested in alternatives, I made a video about that.

  2. OSC said they need to register, get into compliance with their derivatives, they didnt ban binance outright. Binance just decided not to bother and just shut us out rather than try to negotiate/comply.

  3. No Binance in Ontario because they aren’t regulated. Couldn’t make it any simpler.

    Solution: Use Canadian exchanges like Netcoins, Newton, Shakepay, or whatever you like.

Getting no response from Coinbase

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