Binance, the world's largest cryptocurrency exchange, has announced its exit from the Canadian market due to new guidelines relating to stablecoins and investor limits. The move comes as Binance faces regulatory scrutiny in the US, with CEO Changpeng Zhao currently facing legal challenges for non-compliance with guidelines.

Binance hopes to return to the Canadian market when users regain the freedom to access a broader suite of crypto assets. Canadian users will receive further communication about how the exit will impact their accounts.