Binance winds down its futures and derivatives business across 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 says it will wind down futures and derivatives trading in Europe, amid regulatory pressure; users will have 90 days to close from a date specified later (@tomwilson1983 / Reuters)https://t.co/vaASNS8CsVhttps://t.co/Ad9YGS8d9D— Techmeme (@Techmeme) July 30, 2021
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.