News Snapshot:
Binance crypto exchange has announced the closure of its crypto derivative services offering in Hong Kong with immediate effect. The announcement comes just a couple of weeks after the exchange discontinued its derivatives offering across Europe. The slew of announcements comes in the light of growing regulatory scrutiny around the crypto exchange in nearly a dozen countries. Starting today Hong Kong customers won’t be able to open any derivative accounts with Binance. The exchange has also offered a 90-day grace period for traders to close their current accounts. The exchange said, “As the market leader, Binance constantly evaluates its product...
