Binance, the world’s largest cryptocurrency exchange, took another step in refining its product offerings in different markets around the world, this time in South Africa.

  • Clients in the country are no longer able to open new accounts for futures, options, margins or leveraged tokens, Binance announced Friday.
  • Users have 90 days to close existing positions, with all remaining open positions automatically closed on Jan. 6, 2022.
  • The move continues Binance’s withdrawal of such services from various markets around the world in response to intense regulatory pressures earlier this year.
  • The exchange ended its derivatives offering to Australian crypto traders last month.

Read more: Binance Registers 3 More Firms in Ireland as Crypto Regulation Heats Up

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