Binance, the world’s largest crypto exchange, blocks access to crypto derivatives for Hong Kong users

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Published: Aug 9, 2021 14:24 GMT According to the company, the measure seeks to “create a sustainable ecosystem around blockchain technology and digital assets.” Binance, the world’s largest cryptocurrency trading platform, announced that its Hong Kong users will no longer have access to crypto derivatives. According to a statement issued last Friday, new users of the platform in the Chinese special administrative region, “with immediate effect”, will not be able to access such products, while those who already have crypto derivative accounts will have 90 days to close existing positions and during this period they will not be able to...