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Binance winds down its futures and derivatives business across Europe

Leading cryptocurrency exchange Binance is saying goodbye to its futures and derivative business in Europe

Major crypto exchange Binance just announced it would wind down its futures and derivatives products offerings across Europe, a move that comes after unprecedented pressure from regulators across the world. Earlier this week Binance recorded a significant withdrawal of Bitcoins.

Binance, one of the world's largest cryptocurrency exchanges, adds: OUR FUTURES AND DERIVATIVES PRODUCTS WILL BE PHASED OUT THROUGHOUT EUROPE

And moments ago another eventful headline, Malaysia orders Binance to disable its main exchange. The Securities Commission of Malaysia (SC) has just announced massive enforcement actions against Binance for illegal operations.

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