Binance: The fall of a giant

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Not a single day free of bad news from Binance.

It seems that they are going to dismantle all their infrastructure of FUTURES and derivatives in Europe.

https://twitter.com/binance/status/1421033044337729536

Starting from now, Germany, Italy and the Netherlands are running out of these products. Then we will come the other countries of the union.

Anyone who enjoys derivative products on the platform has 90 days to close positions.

It is clear that limiting the leverage to x20 has served no purpose as a sign of goodwill towards European regulators.

The European Union has caught CZ by the balls and he has no idea how to get out of such a mess...

Derivative platforms like KUCOIN are going to benefit greatly, I suspect...

To be continued.

@toofasteddie

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