July 4 (Cointime) - Bitvo CEO Pamela Draper commented on the recent departure of crypto firms from Canada due to regulatory requirements. Despite firms like Binance and dYdX leaving, Draper stated that Canada has a regulatory regime in place that companies can follow, unlike in the US where Binance and Coinbase are facing lawsuits.

However, she acknowledged that some firms may not be willing to invest in Canada due to the costs of compliance. Draper also discussed the failed acquisition of Bitvo by now-defunct exchange FTX, stating that she did not expect FTX to fall from grace.