Crypto exchange Uphold will close trading of ten altcoins to Canadian users
Uphold sent a letter to Canadian users listing the assets that fell into disgrace: Cardano (ADA), Dogecoin (DOGE), Shiba Inu (SHIB), XDC Network (XDC), Stellar (XLM), Injective (INJ) and Hedera (HBAR) . As well as Terra Classic (LUNC) tokens, BONK memcoin based on Solana and KAS tokens.
Canadian customers holding these crypto assets have until January 15 to withdraw them from the platform or convert them into other cryptocurrencies supported by Uphold. If users take no action, assets will be automatically converted to Canadian dollars. Uphold is trying to get registered in Canada, so it's trying to please the Ontario Securities Commission.
The delisting on Uphold did not affect the main cryptocurrencies: BTC, ETH and XRP. The Uphold exchange is known for its support for XRP - a few years ago the platform announced a Mastercard (NYSE:MA) debit card with cashback in the Ripple cryptocurrency.