Binance shuts down derivatives trading in South Africa
From theblockcrypto.com
Global crypto exchange Binance is cutting down its crypto trading offerings in South Africa. On October 8, Binance published a blog post announcing the immediate end to futures, options, margin and leveraged trading for users in South Africa. Users with open positions will have until January 6 to close them. On the firm's local Telegram chat, a representative wrote: "Binance constantly evaluates its product and service offerings to ensure that they are not only welcomed by the users but also local regulators. We are following through with our commitment to compliance." Binance is not registered as a financial ...
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