• News
    • Stocks
    • Banks and Finance
    • Companies
    • Crypto
    • Forex
  • Videos
  • Articles
    • Forex CRM
    • Crypto Payments
    • Trading
    • Crypto Exchange Business
    • Forex Business
    • Fintech
    • Liquidity
    • FinTech Awards
  • Liquidity Providers List
  • Crypto Payment Providers

Dark Theme

Binance Ceases Crypto Derivatives Trading in Europe

July 30, 2021

Binance Ceases Crypto Derivatives Trading in Europe

The most troubled cryptocurrency exchange Binance continues to restrict its services in response to growing regulatory scrutiny throughout the world, namely by partially shutting down derivatives trading.

Binance announced on Friday that it will halt derivatives trading in the European area, beginning with Germany, Italy, and the Netherlands. Users from the listed countries will not be able to register new futures accounts on Binance as of right now, according to the company.

Binance stated: “Today we’re announcing that we plan to wind down our derivatives products offerings across the European area, starting with the Netherlands, Germany, and Italy.”

Binance also stated that the exchange does not actively sell futures and derivatives products in the region and that it intends to further restrict access to these items. Binance said, "The European area is a very significant market for Binance, and it is taking proactive steps toward harmonizing crypto laws, which is a great indication for the industry."

The new step, according to the exchange, is in line with Binance's goal to have a positive conversation with global regulators about local needs.

Binance's recent suspensions came amid a slew of new trade restrictions imposed by regulators around the world, including in Germany and Italy. The Italian Companies and Exchange Commission said in mid-July that Binance Group and related companies were prohibited from providing investment services and operating in the nation. In recent months, almost a dozen additional global financial regulators, including those in the United States and the United Kingdom, have issued similar warnings.

Binance has been gradually restricting its services, delisting margin trading pairs for three fiat currencies, and lowering maximum leverage positions from 125x to 20x earlier this week, in accordance with the company's desire to offer its services legally. In August, Binance plans to reduce daily withdrawal limits from 2 Bitcoin (BTC) to 0.06 BTC.

Despite Binance's growing regulatory problems around the world, the company's CEO, Changpeng Zhao, appears to be enthusiastic about the cryptocurrency exchange's future. Last week, Zhao said that Binance US, a separate cryptocurrency exchange based in the United States, is planning to go public.

“Binance US is looking at the IPO route. Most regulators are familiar with a certain pattern or having headquarters, having corporate structure. But we are setting up those structures to make it easier for an IPO to happen,” Zhao said.

Subscribe Our Newsletter

9 Growth Stocks That Can Thrive in a Labor Shortage
9 Growth Stocks That Can Thrive in a Labor Shortage

Last year, a basket of equally-weighted 100 businesses that ranked highest on Just Capital's employee-related concerns beat the Russell 1000 by 2.68 percent.

Stocks
Expert Opinion: Economic Integration Was Supposed to Make the World More Peaceful. Why Did It Fail?
Expert Opinion: Economic Integration Was Supposed to Make the World More Peaceful. Why Did It Fail?

During that period, the issues of contention (Serbia, Syria, Iraq, Snowden, Magnitsky, Navalny, and cyberattacks) swiftly swamped any shaky foundations for cooperation (tentative foreign investment, Afghanistan, and space).

Banks and Finance
Liquidity Provider

What Is Liquidity?
Let's find out what Liquidity is, the Importance of Market Liquidity, What Are the Most Liquid Markets, and who provides Liquidity.

discover
Top 7 Liquidity Providers of 2022

Constantine

Top 7 Liquidity Providers of 2022

People and institutions have traded on the Forex market for a long time because of its relation to fiat trading pairs. However, despite cryptocurrency's quick ascent, traders found a whole new spectrum of applications for the digital money they were utilizing.

FinTech Awards

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries b2broker

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Alexander

    Full Bitcoin Price History: From 2009 to 2022

    https://liquidity-provider.com/app/uploads/2023/01/cover-11-300x203.png

    Constantine

    Top 5 Most Reliable KYC Technology Providers

    https://liquidity-provider.com/app/uploads/2023/01/cover-10-300x203.png

    Alexander

    The Best Crypto Wallets of 2022: Top 5 Picks

    https://liquidity-provider.com/app/uploads/2023/01/cover-2-300x203.png

    Alexander

    Top 5 Most Reliable Forex Brokers of 2022

    https://liquidity-provider.com/app/uploads/2023/01/cover-1-300x203.png

    Constantine

    5 Top-Tier Breakthrough Trading, Crypto and Fintech Industries Software Solutions in 2022

    https://liquidity-provider.com/app/uploads/2023/01/cover-300x203.png

    Constantine

    5 Most Successful FinTech Industry Startups in 2022

    https://liquidity-provider.com/app/uploads/2022/12/cover-300x203.png

    Constantine

    Top 7 Liquidity Providers of 2022

    https://liquidity-provider.com/app/uploads/2022/12/liquidity-provider-3-300x203.png

    Alexander

    Top 5 Crypto Exchanges of 2022

    https://liquidity-provider.com/app/uploads/2022/12/liquidity-provider-1-300x203.png

    Constantine

    Top 5 Most Distinguished White Label Solutions in 2022

    https://liquidity-provider.com/app/uploads/2022/12/liquidity-provider-2-300x203.png

    Constantine

    What is Crypto Leverage Trading And How Does It Work?

    https://liquidity-provider.com/app/uploads/2022/12/oblozhka-5-300x203.png

    Constantine

    Top 5 Most Prospective Tokens in the Metaverse.

    https://liquidity-provider.com/app/uploads/2022/12/cover-7-300x203.png

    Constantine

    How to Mine Bitcoins? – Beginners Guide

    https://liquidity-provider.com/app/uploads/2022/11/cover-5-300x203.png

    Oliver

    Blockchain for Business. Pros & Cons

    https://liquidity-provider.com/app/uploads/2022/11/oblozhka-1-300x203.png

    Constantine

    The Future of Stablecoins and Central Bank Digital Currencies (CBDCs)

    https://liquidity-provider.com/app/uploads/2022/11/cover-3-300x203.png

    Alexander

    What is Web 3.0 and Why Does it Matter?

    https://liquidity-provider.com/app/uploads/2022/11/cover-1-300x203.png

    Constantine

    5 Benefits of Accepting Crypto Payments for Your Business

    https://liquidity-provider.com/app/uploads/2022/11/cover-300x203.png

    Constantine

    Hot Wallet vs Cold Wallet: Which Do I Need More for Crypto?

    https://liquidity-provider.com/app/uploads/2022/11/oblozhka-5-300x203.png

    Alexander

    What is Hedging and How Does it Work in Trading? — Ultimate Guide

    https://liquidity-provider.com/app/uploads/2022/10/oblozhka-4-300x203.png

    Oliver

    Pre-execution vs Post-execution: What’s the Difference?

    https://liquidity-provider.com/app/uploads/2022/10/oblozhka-1-300x203.png

    Constantine

    What is Slippage in Trading? – Definition

    https://liquidity-provider.com/app/uploads/2022/10/shapka-1-1-300x203.png

    Oliver

    How Forex Brokers Make Money? – A-Book vs. B-Book Model

    https://liquidity-provider.com/app/uploads/2022/10/shapka-2-300x203.png

    Oliver

    What is the Ethereum Merge, And How Will it Change Ethereum?

    https://liquidity-provider.com/app/uploads/2022/10/shapka-1-300x203.png

    Alexander

    How to Spot Cryptocurrency Scams

    https://liquidity-provider.com/app/uploads/2022/10/shapka-300x203.png

    Milena

    Exploring the Metaverse: What Does It Mean for the Future of the Internet?

    https://liquidity-provider.com/app/uploads/2022/10/oblozhka-300x203.png
    • News
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
    • Articles
      • Forex CRM
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
    [email protected]

    © 2023 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy