• About Us
  • Careers
  • Contact
No Result
View All Result
Tuesday, October 28, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home News Latest News

Binance to wrap up futures and derivatives product offerings in Europe

6 August 2021
in Latest News, News
Reading Time: 2 mins read
106 3
Binance to wrap up futures and derivatives product offerings in Europe | DeFi Planet

source: Yahoo News

Starting from Germany, Italy, and the Netherlands, Binance has announced plans to wrap up its futures and derivatives products.

Binance, one of the world’s top cryptocurrency exchanges, made the announcement amid a crackdown by regulators across Europe.

The crypto exchange firm said: “With immediate effect, users from these countries will not be able to open new futures or derivatives products accounts. With effect from a later date to be announced in a further notice, users from these countries will have 90 days to close their open positions,”

The recent crackdown on digital currencies and exchanges globally has put Binance under a lot of pressure. The firm further announced that though it does not actively promote futures and derivatives locally, it plans to scale down access to those products in Europe.

 

“As the crypto ecosystem evolves globally, we are continually evaluating our products and working with our partners to meet our users’ needs,” it said.

 

In a tweet, Binance said its decision to wrap up features and [product offerings in Europe was necessary “towards harmonizing crypto regulations, which is a positive sign for the industry.”

“Its decision seems like a preemptive move, aiming to front-run the inevitable clampdown by regulators,” Kaia Parv, head of investment research at Fx Primus, told Yahoo Finance UK. “FCA’s blunt decision in June to ban Binance’s UK business has sent a clear signal to crypto exchanges that the central banks and regulators are keeping an eye on the digital markets.”

 

The UK Financial Conduct Authority has last month directed the firm to take down all advertising and financial promotions, making it clear that all its regulated operations in Britain were to be done with prior consent.

Less than a week ago, the crypto exchange was also instructed to disable its website and mobile operations in Malaysia on grounds its operations in the country were illegal.

The Malaysian Security and Exchange Commission said Binance is “illegally operating a digital asset exchange,” thus issuing a public reprimand against the exchange despite being included in the “SC’s Investor Alert List in July 2020.”

 

 

If you would like to read more articles like this, follow DeFi Planet on Twitter and LinkedIn.

Share64Tweet40Share11
Lucy Adegbe

Lucy Adegbe

Related Posts

source: in.marketscreener.com
Crypto

Citi and Coinbase Partner to Power Institutional Digital Asset Payments

28 October 2025
source: kucoin.com
Crypto

KuCoin Pay and DFX.swiss Partner to Launch Crypto Payments at SPAR Stores in Switzerland

28 October 2025
source: prnewswire.com
Crypto

S&P Global Assigns “Junk” Rating to Michael Saylor’s Strategy, Citing Bitcoin Exposure and Liquidity Risks

28 October 2025
source: news.bitcoin.com
Crypto

Trump’s Pardon of Binance Founder Sparks Push to Ban Elected Officials from Owning Crypto

28 October 2025

Editors Picks

Mining vs. Staking: Which Crypto Validation Method Will Shape the Future?

Mining vs. Staking: Which Crypto Validation Method Will Shape the Future?

byOlajumoke Oyaleke
15 July 2025
0

Where Are the Ethereum-Killers Now?

Where Are the Ethereum-Killers Now?

byOlayinka Sodiqand1 others
6 January 2025
0

source: investorplace.com

How to Find the Newest Cryptocurrencies Before They’re Listed

byOlayinka Sodiq
30 December 2024
0

Exploring the Role of AI in Enhancing DeFi Security

Exploring the Role of AI in Enhancing DeFi Security

byOlayinka Sodiq
1 October 2024
0

The Ultimate Guide to How NFT Royalties Work

The Ultimate Guide to How NFT Royalties Work

byAdedamola Ojedokun
17 April 2024
0

Read More

Chain of Thoughts

The Aesthetics of Web3: Why Vibe Matters in Decentralized Communities

The Aesthetics of Web3: Why Vibe Matters in Decentralized Communities

byOlu Omoyele
27 September 2025
0

...

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

byOlu Omoyele
30 August 2025
0

...

What Happens When AI Gets a Wallet?

What Happens When AI Gets a Wallet?

byOlu Omoyele
31 July 2025
0

...

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Markets Update

Can Confidential Lending Unlock Trillions for DeFi Markets?

6 hours ago

Impact of Large Ethereum Validator Exits on ETH Price

6 hours ago

Leading Asset Classes in the On-Chain Real-World Asset Tokenization Trend

7 hours ago

KuCoin Pay Partners with Swapped Connect to Streamline Direct CEX Payments for Web3 Users

10 hours ago

Are Ethereum-Based Treasuries Emerging as the Berkshire Hathaway of Crypto?

3 days ago

Is the Crypto Market Now Majorly Driven by Institutions?

3 days ago
Read More

Events

  • No events
  • Spotlight

    All about Ethereum
    All about Algorand
    All about Bitcoin
    All about Gora

    Press Releases

    Swiss Bitcoin App Relai Acquires MiCA License in France

    bychainwire
    27 October 2025
    0

    River Public Sale – 48-Hour Dutch Auction Lowest Price Settlement, Claim and Refund Instantly After End

    bychainwire
    27 October 2025
    0

    Jiuzi Holdings, Inc. Partners with SOLV Foundation on $2.8B TVL Bitcoin Initiative to Advance Crypto Treasury Strategy

    bychainwire
    27 October 2025
    0

    MultiBank Group and Khabib Nurmagomedov Launch an Exclusive Worldwide Multi-Billion-Dollar Joint Venture to Build the World’s First Regulated Tokenized Sports Ecosystem.

    bychainwire
    25 October 2025
    0

    RIVER Gains 5x Following Binance Perp Listing, Supported by Time-Encoded Airdrop Conversion

    bychainwire
    24 October 2025
    0

    Read More

    ADVERTISING

    ABOUT

    TEAM

    CAREERS

    CONTACT

    TERMS & CONDITIONS

    PRIVACY POLICY

    © Copyright 2025 DeFi Planet

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • News
      • People
      • Business
      • Crime
      • Regulation
      • Crypto
      • CBDC
    • Markets
      • Bitcoin
      • Ethereum
      • Stablecoins
      • Altcoins
      • Crypto ETFs
      • Memecoins
    • Policy
    • Articles
      • Press Releases
      • Opinion
      • Explainers
      • Guest Post
      • Sponsored
    • Directory
      • Companies
      • People
      • Products
      • Wallets
    • Multimedia
      • Videos
      • Podcasts
    • Learn
      • DeFi Basics
      • Tutorials
      • Reviews
      • Blockchain Fundamentals
    • Research
      • Case Studies
    • Explore
      • DeFi
      • Crypto Gaming
      • NFT
      • DAO
      • Metaverse
      • Glossary
    • Jobs
    • Markets Pro
      • DeFi Planet Pro
      • Spend Crypto
      • Swap Crypto
      • Coin Prices
      • Crypto Exchanges
      • Crypto Analyzer

    © Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

    -
    00:00
    00:00

    Queue

    Update Required Flash plugin
    -
    00:00
    00:00