Binance will lessen the derivatives product offering in Netherlands, Germany, and Italy, with the existing users required to close their positions from a later date.
- The crypto exchange said that it will halt margin borrowing for large cryptos and their Australian dollar, euro, and sterling pairs effective August 10.
- Binance also announced it will limit maximum leverage for cryptocurrency trading futures for new entrants to 20 times.
- Binance suspended its stock token offering after the German regulator BaFin scrutinized the tokenized stocks.
Many financial regulators in different markets warned against Binance after its stock token scrutiny by BaFin.
BNBUSD is down -2.68%