Binance is planned in the near future in selected European countries stop trading with derivatives. It thus responds to global regulation, which has affected the Binance exchange very closely.
The end of trading on Binance?
Binance announced to its clients that it will suspend derivatives trading in Europe. It starts with Germany, Italy and the Netherlands. The Binance Exchange also announced that it has suspended new registrations for citizens of these states.
“We are constantly trying to improve the conditions for trading and cooperation with our partners. Today we announce that we plan to end the possibility of trading on derivatives markets in throughout the European region. We start with the Netherlands, Germany and Italy. ”
The European market is very important!
Binance also adds that the European market is one of the most important. The company has confirmed that it does not want to terminate derivative trading services at all. He only wants to suspend them temporarily until the situation around the regulations is settled. This not very positive step came mainly due to the regulator from Italy who advised the citizens of this state to avoid the Binance Exchange.
Currently, the main goal of the Binance exchange is to obtain licenses and start providing, this time legally, services not only in Europe but all over the world. The company’s founder himself even stated that in the position of general manager he can already in the very near future replace new face. A person who has experience with regulations and can secure all the necessary documents so that similar steps are not repeated as we have seen today.