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Cryptographic exchange Binance to end offering futures and derivatives in Europe –

File Photo: The Binance app can be seen on the smartphone in this figure taken on July 13, 2021. REUTERS / DadoRuvic / Illustration / File Photo

July 30, 2021

London (Reuters) – Binance, a major cryptocurrency exchange, announced on Friday that it will end offering futures and derivatives products across Europe, a move that follows unprecedented pressure from regulators around the world. ..

Binance users in Germany, Italy and the Netherlands will not be able to open accounts for new futures or derivatives products with immediate effect, the exchange said in a statement on its website.

(Report by Tom Wilson, edited by Tom Arnold)