Binance Discontinues Futures and Derivatives Products in Germany, Italy, and ...
Binance, the leading cryptocurrency exchange by trading volumes, announced it is discontinuing its derivatives and futures products in Germany, Italy, and the Netherlands. This is likely the consequence of the regulatory crackdown that governments all over the world have exerted on Binance lately. The company also stressed this was the start of a complete plan to wind down their derivatives products offerings across the European region in a now-deleted tweet. Binance Discontinues Derivatives Offering in Germany, Italy, and the Netherlands Binance, one of the biggest cryptocurrency....
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Binance moves to suspend derivatives trading in Europe, starting with Germany, Italy and Netherlands. Troubled global cryptocurrency exchange Binance continues moving fast in curbing services to respond to the ongoing regulatory scrutiny worldwide, partly shutting down derivatives trading.Binance officially announced Friday that it would suspend its derivatives trading across the European region, starting with Germany, Italy and the Netherlands. The company clarified that users in mentioned countries cannot open new futures accounts on Binance effective immediately.We're continually....
Fresh off the heels of Binance’s last announcement to discontinue crypto derivatives offerings in Germany, Italy, and the Netherlands, the company revealed on Friday crypto derivatives products in Hong Kong will cease as well. Effective immediately, users won’t be able to open new derivatives positions and customers with existing derivatives positions have 90 days to close them. Binance Ends Crypto Derivatives Offerings in Hong Kong Binance revealed on August 6 that the exchange will no longer offer crypto derivatives products to customers. The news follows the company’s....
Crypto exchange Binance has received regulatory approval from Italy’s financial regulator to operate as a cryptocurrency service provider in the country. “Clear and effective regulation is essential for mainstream adoption of cryptocurrencies,” said Binance CEO Changpeng Zhao.
Binance Now Licensed in Italy
Binance announced Friday that Binance Italy “has received regulatory approval” through registration as a Cryptocurrency Service Provider with the Organismo Agenti e Mediatori (OAM), as required by the Italian legislation on crypto....
Binance’s regulatory war continues as the crypto exchange announces it will no longer offer derivatives products in South Africa. Binance Ceases Derivatives-Related Products For Users In South Africa As per an announcement on the crypto exchange’s website, users from South Africa can no longer access derivatives offerings on the platform. These products include Futures, Options, […]
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....