Quick Take
- Binance will no longer offer crypto derivatives trading to users in three European countries: Germany, Italy, and the Netherlands.
- Binance has plans to shut its crypto derivatives products offerings across the European region in the future.
Crypto exchange Binance announced Friday that it will no longer offer crypto futures and options trading to users in three European countries: Germany, Italy, and the Netherlands.
With immediate effect, new users from these countries will no longer be able to open accounts with Binance to trade crypto derivatives. As for existing users, Binance said it will announce a date later, and from that date, users from these countries will have 90 days to close their open positions.
While the initial action is on the three regions, Binance said it has plans to shut its crypto derivatives products offerings across the European region.
“As the crypto ecosystem evolves globally, we are continually evaluating our products and working with our partners to meet our users’ needs,” said Binance.
This is a breaking story and will be updated…
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