Residents of the Special Administrative Region of the People's Republic of China will no longer be able to trade futures, options andother derivative financial instruments of the site.
CEO of cryptocurrency exchange BinanceChangpeng Zhao said on Twitter that the trading platform has closed access to crypto derivatives to residents of Hong Kong. New users will no longer be able to work with cryptocurrency derivatives, and the site will gradually close access for existing customers.
Zhao warned Hong Kong residents have 90 days to close positions in futures, options and leveraged and margin products.
A lot happened on Binance in Julychanges. The trading platform has warned that it is phasing out cryptocurrency derivatives trading in Europe. The first countries for which this opportunity is no longer available were Germany, the Netherlands and Italy. Their residents cannot open new accounts to trade futures or derivatives products.
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