Canadian crypto trade Bitvo reduces withdrawal charges by 50%

• A number of cryptocurrency exchanges have introduced leaving the Canadian crypto market citing the Canadian laws.
• Bitvo goals to leverage the market hole created by the leaving crypto exchanges.
• The diminished withdrawal price takes impact beginning right now June 1, 2023.

Canadian-based cryptocurrency Bitvo Inc (“Bitvo”) has right now introduced that it’s lowering its withdrawal price by 50% to new and current prospects beginning June 1, 2023. The 50% low cost will keep in impact by way of August 31 2023.

Bitvo’s transfer is providing reduction to crypto buyers in Canada as many crypto exchanges and buying and selling platforms announce leaving the nation resulting from lack of ability or unwillingness to adjust to Canadian crypto laws. The latest crypto trade to announce its Canadian exit was Bybit after Binance’s exit.

Bitvo registration in Canada

Bitvo is a registered Cash Service Enterprise with FINTRAC and is registered as a Restricted Supplier with securities commissions in all provinces and territories in Canada.

The press launch saying the 50% withdrawal price reduce states:

“At Bitvo, we’re absolutely dedicated to the Canadian market and serving Canadians. We delight ourselves on offering a secure, safe and easy-to-use platform to our prospects that has withstood the check of time, based in 2018, each bull and bear markets and proactively complied with Canadian laws.”

Bitvo Inc. gives a crypto asset buying and selling platform facilitating shopping for and promoting of cryptocurrencies by way of cell purposes and its web site. It has unveiled a number of initiatives together with Bitvo Similar Day Assure, the Bitvo Money Card, and technical buying and selling evaluation instruments to make crypto transactions straightforward and environment friendly.