Home ownership is slipping out of reach. It’s time to rethink our fear of ‘forever renting’ 
Nike Earnings at Risk as UBS Cuts Price Target to $42 
Infosys Shares Drop Amid Earnings Quality Concerns 
Investors Brace for Market Moves as Trump Begins Second Term 
Meta CEO Zuckerberg Backs Independent AI Safety Reviews Over Development Slowdown 
FxWirePro- Major Crypto levels and bias summary 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Allegro Raises 2026 Outlook as International GMV Surges 
Elliott Investment Management Takes Significant Stake in BP to Push for Value Growth 
Databricks to Invest $350 Million in Singapore AI Expansion 
FAA Allows Boeing to Sell 35 More 777F Freighters Beyond 2028 
Petrobras Joins Brazil Diesel Subsidy Program 
SpaceX Nasdaq 100 Weight to More Than Double in Rebalance 
SK Hynix, Intel Discuss U.S. Memory Chip Production Deal 
S&P 500 Surges Ahead of Trump Inauguration as Markets Rally 
SoftBank Eyes Up to $25B OpenAI Investment Amid AI Boom 
Add as a preferred source on Google
Kraken, a US-based cryptocurrency exchange, is reportedly delisting US Dollar Tether (USDT), DAI, Wrapped Bitcoin (WBTC), Wrapped Ether (WETH), and Wrapped Axelar (WAXL) stablecoins. With this move, the company is stating that it is suspending all transactions related to these stablecoins in Canada.
According to CoinTelegraph, Kraken’s delisting of the said stablecoins was revealed through emails sent to its customers. It was indicated in the message that the suspension of trading for the mentioned digital currencies will start on Nov. 30.
Kraken Confirms the Delisting Move
Kraken was contacted by CoinTelegraph for comments about the matter and its spokesperson told the publication that the company continuously tracks the assets on its platform to make sure that it stays in line with the “highest compliance standards in the crypto industry” before sus
Kraken’s spokesperson went on to confirm the suspensions by saying via email, “In accordance with recent Canadian regulatory changes and following extensive consultation with the CSA and OSC, we today notified our clients that we will soon be suspending trading for USDT, DAI, WBTC, WETH, and WAXL.”
While Kraken has halted trading, the representative said that the crypto exchange remains committed to providing customers in Canada with the best trading service and experience.
Reason for the Suspension of Stablecoins
Most of the crypto exchanges and companies often halt or remove some services due to regulatory issues and in this case, the reason is likely the same. Moreover, many firms have already withdrawn their operations from the Canadian market due to these same regulative challenges.
Finance Feeds reported that the cancellations of the stablecoins may have also come as the Ontario Securities Commission (OSC) previously implemented a ban on crypto exchanges in the territory - restricting them from touching Tether (USDT). In any case, it is not clear if Kraken is also planning to completely pull out its services from the Canadian market.
