Binance Quits Stock Token Trading as Hong Kong Adds to Mounting Regulatory Pr...
Cryptocurrency exchange Binance has announced it will no longer support the trading of stock tokens. The decision comes against the backdrop of an ongoing regulatory crackdown, with Hong Kong becoming the latest to declare that the platform is not licensed to provide such services in its jurisdiction. Stock Tokens No Longer Available for Purchase on Binance.com Binance, the world’s leading digital asset exchange by daily volume, is ceasing support for stock tokens. The coin trading platform explained that the move is part of its continuous evaluation of products, but it also comes....
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Crypto Exchange Binance has announced that users from Hong Kong can no longer create new futures accounts. Crypto Exchange Binance Haults New Hong Kong Futures Accounts Binance announced today in a blog post on its website that the crypto exchange is winding down derivative trading in Hong Kong. The announcement explains: As the market leader, […]
The crypto exchange gave no indication as to the reason, stating only that it would be shifting its "commercial focus to other product offerings." Binance's highly popular stock tokens, a relatively recent offering, are being wound down immediately. In an announcement published on July 16, the exchange announced that "effective immediately," stock tokens are unavailable for purchase on Binance.com. As of October 14, 2021 at 19.55 UTC, the exchange will no longer support stock tokens at all. Existing stock token holders will have some time to adjust:"Users who currently hold stock tokens....
Ant Group's IPO has been suspended on both the Shanghai and Hong Kong stock exchanges due to significant changes in China's regulatory environment for fintech firms.
While crypto exchange Binance continues to face crackdowns from several different countries, it’s looking likely that stock tokens may be behind this. Hong Kong And Lithuania Become The Latest To Crackdown On Binance On Friday, Hong Kong’s market regulator, the Securities and Futures Commission (SFC), warned the crypto exchange in a press release. The commission […]
Binance is yet to announce an official date for imposing restrictions on derivatives products for Hong Kong users. Stepping up efforts to minimize the inherent risks of trading cryptocurrency, major crypto exchange Binance has announced it would restrict access to derivatives products to Hong Kong users. The official announcement reads:“Users from Hong Kong will have a 90 days’ grace period to close their open positions. During the grace period, no new positions may be opened.”However, Binance’s proactive means to restrict Hong Kong users was not supported by a date of when the....