Spanish Securities Regulator Orders Binance to Stop Offering Cryptocurrency Derivatives

Spanish Securities Regulator Orders Binance to Stop Offering Cryptocurrency Derivatives


The Spanish securities regulator, the CNMV, has ordered Binance to stop offering cryptocurrency derivative products to customers in the country. According to local media, the crypto exchange giant has followed the orders of the regulator, withdrawing these products from its customers in Spain.

Spanish Securities Regulator Sets Eyes on Binance

The CNMV, which is the Spanish securities regulator, is putting more pressure on exchanges offering cryptocurrency-linked derivatives in the country. Binance, one of the biggest exchanges in the world by volume traded, has been required to drop the offer of cryptocurrency-related derivatives, like futures contracts, for customers in the country, according to local media.

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The purpose of the measure is ostensibly to protect investors using such products as investment tools. The regulator warned last year

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