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Binance Decided to Restrict Access of Hong Kong Citizens to Derivative Products!

Binance Decided to Restrict Access of Hong Kong Citizens to Derivative Products!

Cryptocurrency exchange Binance has limited the use of derivative products in Hong Kong after Europe.

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In a statement, Binance stated that with the decision that came into effect immediately, Hong Kong users will not be able to open new derivatives accounts.  According to the statement, it also announced that from a later date, Hong Kong users will be given 90 days to close their derivative positions.

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 In the statement, it was also emphasized that no new positions could be opened for derivative products within the 90-day period to be given.

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