Is Bybit Available in Canada? (No — Here's What to Use)

No — Bybit is not available to Canadian residents. It left the Canadian market in 2023 and hasn't come back. If you're in Canada, here's exactly what happened, why, and the regulated platforms Canadians actually use. (General information, not investment or legal advice.)

The short answer

Bybit exited Canada in 2023 and Canada is on its restricted-countries list. You can't open a compliant Canadian account, and Bybit does not appear on the CSA's list of crypto platforms authorised to do business with Canadians. So for a Canadian resident, Bybit isn't a lawful option.

Why Bybit left Canada

• June 2022 — OSC settlement. Bybit settled with the Ontario Securities Commission, admitting it had traded securities without registration. It disgorged about US$2.47 million of Ontario revenue and agreed to stop offering margin and derivative products to Ontario retail clients while it pursued registration.
• February 2023 — CSA tightened the rules. The Canadian Securities Administrators required crypto platforms to file a pre-registration undertaking, including a ban on retail leveraged/margin/derivatives trading and custody standards.
• 30 May 2023 — Bybit exited. Rather than operate under that regime, Bybit paused its Canadian services: no new accounts from 31 May 2023, no new deposits after 31 July, and it urged customers to close positions by 30 September 2023.

Bybit's status can change — check its help-center restricted list for the current Canada position.

"But can't I just use a VPN?"

Technically some people do — but understand what you're giving up. Accessing Bybit from Canada breaks Bybit's own terms, and you get no Canadian investor protection: no regulated custody of your assets, no oversight, and no recourse to a Canadian regulator or ombudsman if funds are frozen or lost. For a YMYL decision about your money, that's a poor trade.

What Canadians use instead

Platforms serving Canadians must be registered restricted dealers under the CSA framework (plus FINTRAC registration) — which means regulated custody, client-disclosure rules, and no high-leverage derivatives banned for Canadian retail. Commonly used, CSA-registered options include:

• Coinbase, Kraken (restricted-dealer registered in 2025), Newton, Wealthsimple Crypto, Shakepay, NDAX, Netcoins, Crypto.com, and Bitbuy / Coinsquare.

Check each platform's current registration on the CSA "authorised to do business with Canadians" list — status changes (e.g. Bitbuy/Coinsquare are migrating to Robinhood after its 2026 acquisition of WonderFi).

The registration is the point: it's what gives you Canadian oversight and protections that Bybit, as an unregistered offshore platform, doesn't offer here.

New to the concepts either way? Start with Crypto basics.

Availability and registrations change. This is general information, not investment or legal advice — verify the current status before acting.