NEWS ZAP
Binance Is Shutting Down Its Crypto Futures And Derivatives Trading In Three European Countries
Embattled cryptocurrency exchange Binance has moved to shut down another of its crypto products in response to the ongoing global scrutiny from regulators.
The exchange will no longer be providing crypto-based futures and derivatives offerings across three European countries.
In particular, the exchange announced on July 30 that the new change will initially affect customers in the Netherlands, Italy, and Germany — who will essentially not be allowed to open new accounts for futures or derivatives.
Meanwhile, Zhao has stated in the past that “compliance is a journey”. He is even willing to step down from his position if the exchange is able to find a suitable candidate with a strong regulatory background.
