Is Bybit available in Canada?

Is the platform available to residents

As of June 2026 Bybit is not available to residents of Canada, and Bybit lists Canada among the jurisdictions where it does not offer its services. Bybit stopped allowing new Canadian account openings in 2023.

Bybit did not register with Canadian securities regulators and offers products such as derivatives and leveraged trading that are restricted for retail users in Canada. Because Bybit is not registered to serve Canadian residents, there is no compliant way to open a new account from Canada (as of June 2026).

The regulator and the framework

Canada regulates crypto asset trading platforms through the Canadian Securities Administrators (CSA) and the provincial and territorial securities regulators, with the Ontario Securities Commission (OSC) a leading authority. Platforms that serve Canadian residents are expected to register and to operate under securities law, and products such as margin and derivatives are restricted for retail users (as of June 2026).

From 2022 the CSA asked platforms to give an undertaking to work toward registration as a condition of continuing to serve Canadians. On 6 August 2024 the CSA ended that interim approach for time limited restricted dealer registration, and new platforms now apply directly to the Canadian Investment Regulatory Organization (CIRO). Anti money laundering obligations are separately overseen, and platforms that handle fiat typically register as a money services business with the federal financial intelligence unit (as of June 2026).

Bybit entered into a settlement agreement with the Ontario Securities Commission, approved by the Capital Markets Tribunal, in which it admitted that it had engaged in the business of trading securities without registration and in distributions without a prospectus, contrary to Ontario securities law. Under the settlement Bybit disgorged about 2.47 million US dollars and paid costs, and it was held to terms that included not opening new Ontario accounts while it addressed its status. Bybit has not gone on to register as a dealer in Canada (as of June 2026).

How residents are affected

Because Bybit is not available in Canada, there is no compliant way for a Canadian resident to open a new Bybit account. Any service that claims to provide Bybit access to Canadians, for example through a virtual private network or a third party, sits outside the registered framework and carries legal and counterparty risk.

Canadians who want to use a registered platform can look to exchanges that hold restricted dealer registration with Canadian securities regulators. Coinbase and Kraken are two platforms that are registered and available to Canadian residents (as of June 2026).

Tax treatment

Tax on crypto for Canadian residents is administered by the Canada Revenue Agency (CRA), and a tax liability can arise on disposals even where the platform used is offshore. This page does not give tax advice. For how crypto is treated in Canada in general terms, see the Canada tax page, and confirm your own position with a qualified local professional before filing.

Regulator and sources

The relevant authorities are the Canadian Securities Administrators and the provincial securities regulators, including the Ontario Securities Commission, and the Canadian Investment Regulatory Organization, which handles new platform applications.

• Ontario Securities Commission and the Capital Markets Tribunal, the settlement agreement in the matter of Bybit Fintech Limited.
• Bybit, its restricted jurisdictions list recording that it does not serve Canada.
• Canadian Securities Administrators (CSA) and the Ontario Securities Commission (OSC), guidance and registration requirements for crypto asset trading platforms.
• Canadian Investment Regulatory Organization (CIRO), which now handles applications from crypto asset trading platforms seeking to operate in Canada.
• Canada Revenue Agency, general guidance on the taxation of crypto assets for Canadian residents.

Frequently asked questions

Related pages