To that finish, Coinbase not too long ago joined the Canadian Web3 Council, a multi-party non-profit group that’s seeking to loosen up latest legislative and regulatory initiatives in Canada which might be at the moment driving crypto corporations in a foreign country. In latest months, for example, plenty of exchanges have determined to drag out of Canada, together with Binance, Bybit, dYdX, OKX, Paxos and Bittrex (the final of which has since declared chapter), in direct response to “latest regulatory developments.”