Binance Closes Hong Kong Clients Access To Crypto Derivatives Trading

News Snapshot:

Bitcoin exchange Binance has blocked Hong Kong users from trading crypto derivatives, including futures, options, leveraged tokens, and margin products. The decision was explained by the obligation to comply with local laws. With immediate effect, users from Hong Kong cannot open new futures accounts on Binance. As a market leader, [#Binance] is the first major crypto exchange to proactively take this action. – Binance (@binance) [August 6, 2021] “With immediate effect, Hong Kong users will not be able to open new accounts for derivative products. Starting from the date to be announced in a later notice, users will be given...