Thursday, March 23, 2023
  • Login
EthozEdge
No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
Cryptocurrency Marketcap
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
No Result
View All Result
EthozEdge
No Result
View All Result
Home Crypto News Crypto Regulation News

Binance stops offering crypto derivatives in Spain

by ethozedge
May 10, 2022
in Crypto Regulation News
Reading Time: 2 mins read
A A
0
Share on FacebookShare on Twitter


  • Binance has dropped its crypto derivative offerings in Spain as it is yet to be fully licensed in the country
  • Elsewhere, Binance Turkey is taking legal action against fake ads

The largest cryptocurrency exchange by trading volume, Binance, has been told by the securities regulator in Spain, the Comisión Nacional del Mercado de Valores (CNMV),  to stop offering customers its crypto derivatives products, as per local reports. The trading platform has since removed the option for the crypto derivatives from its website, effectively preventing users from creating new operations.

Binance has been seeking approval, and the move to comply with the order is part of the exchange’s efforts to woo the regulator. The regulator, on past occasions, warned against crypto derivatives such as futures contracts, which it considers risky for the investor. The bank says that the complexity of trading leaves the investor exposed to the possibility 0f losing more than the initial amount they invest.

With the exchange halting derivatives offering, no users will be allowed to establish new operations. However, those positions that had already been set were retained in the same state, awaiting communication from the regulator. It was also reported that Binance might yet restore the same once it has been licensed.

As of now, Binance remains in the ā€˜Gray List,’ which names crypto entities that are not fully licensed to operate in Spain. This list, published by the CNMV, also features other top crypto exchanges, including Coinbase.

Binance’s inclusion has, to some extent, put a damper on its expansion strategy. The giant crypto dealer has been attempting to get off the list, in addition to hunting such status as fellow exchange Bit2me, which was the first approved virtual asset service provider in the country.

Binance explores legal action against fraudulent ad

Binance TR, the Turkish arm of Binance, has flagged a fake advertisement that appears to mislead customers. Attaching an image of the said advertisement billboard on Twitter, Binance TR noted that there has been a spike in such misleading ads in recent days, though they are entirely unrelated to the exchange.Ā 

Owing to the exchange’s popularity in Turkey, the ads are Binance-themed to hoodwink the unknowing user into dealing with crypto scammers. The exchange is intent on pursuing legal action, it said.

ā€œFor a while, billboards similar to the image below have been striking in different regions of Turkey. The image below has nothing to do with Binance. Necessary legal processes have been initiated against persons who are clearly involved in fraudulent activities,ā€Ā the tweet read.Ā 





Source link

Tags: Binancebitcoin newsCryptocrypto analysiscrypto newsDerivativesEthoz EdgeLatest bitcoin newslatest crypto newsOfferingSpainstops
Share76Tweet47

Related Posts

The US Government wants the Voyager-Binance deal to be halted

by ethozedge
March 15, 2023
0

Key takeaways; The US Government wants to halt the $1 billion deal between Binance.US and Voyager Digital. The government said...

Tether refutes ā€œstale allegationsā€ from Wall Street Journal

by ethozedge
March 6, 2023
0

Tether calls Wall Street Journal’s claims ā€œstale allegations from long ago.ā€ The USDT issuer noted in a recent blog post...

Crypto needs regulatory clarity: Blockchain Association CEO

by ethozedge
February 22, 2023
0

Kristin Smith, CEO of crypto industry group Blockchain Association is optimistic of crypto regulation this year. She notes that crypto...

US SEC fines former NBA Star Paul Pierce $1.4M for crypto

by ethozedge
February 18, 2023
0

The US SEC crypto crackdown does not seem to be fizzling out any time soon. Former NBA star Paul Pierce...

Sen. Warren to reintroduce AML bill extending to DeFi and DAOs

by ethozedge
February 15, 2023
0

Senator Elizabeth Warren first introduced the AML Act of 2022 on December 15, 2022. The first bill was read twice...

Load More
  • Trending
  • Comments
  • Latest

šŸ”“ Bank of America Bets on Crypto

April 11, 2022

Pomelo Launches Family Credit Cards to Combine Credit and International Money Transfer

August 16, 2022

How to Add Polygon (MATIC) to Your MetaMask Wallet

May 28, 2022

The Sandbox Price Prediction 2022-2030: HODL or DUMP?

May 25, 2022

Successful Beta Service launch of SOMESING, ā€˜My Hand-Carry Studio Karaoke App’

0

At least 54 apes were stolen in BAYC Instagram hack

0

Binance Introduces New Crypto Card for Ukrainian Refugees

0

55,000 Meta Cricket League NFTs sell out in nine minutes

0

Here’s How The Industry Will

March 23, 2023

Multichain Wallet Bitkeep Raises $30 Million From Bitget to Strengthen Links Between Defi and Cefi – Bitcoin News

March 23, 2023

LTC up +7.46%, BTC -2.03%, Litecoin is The Coin of The Day – Daily Market Update for Mar 23, 2023 | CoinCodex

March 23, 2023

US Senator Introduces Bill to Ban Direct-to-Consumer Central Bank Digital Currency – Regulation Bitcoin News

March 23, 2023
Facebook Twitter LinkedIn Tumblr RSS
EthozEdge

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at EthozEdge

CATEGORIES

  • Altcoin News
  • Avalanche Network
  • Binance Smart Chain
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Regulation News
  • DeFi
  • Ethereum
  • EVM News
  • Fantom Opera Chain
  • Harmony Chain
  • Huobi Eco Chain
  • Metaverse
  • NFT
  • Polygon Chain
  • Scam News
  • Web 3.0
  • XDai Chain

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright Ā© 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0

Copyright Ā© 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • JDBJDB(JDB)$0.021575-0.61%
  • bitcoinBitcoin(BTC)$27,724.00-2.05%
  • ethereumEthereum(ETH)$1,762.52-1.88%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.010.18%
  • binancecoinBNB(BNB)$326.780.00%
  • usd-coinUSD Coin(USDC)$1.010.22%
  • rippleXRP(XRP)$0.4483420.19%
  • cardanoCardano(ADA)$0.374113-0.09%
  • dogecoinDogecoin(DOGE)$0.0778113.22%
  • staked-etherLido Staked Ether(STETH)$1,759.12-1.84%
  • matic-networkPolygon(MATIC)$1.13-1.70%
  • solanaSolana(SOL)$21.83-3.58%
  • binance-usdBinance USD(BUSD)$1.000.03%
  • polkadotPolkadot(DOT)$6.22-1.16%
  • litecoinLitecoin(LTC)$91.1912.48%
  • shiba-inuShiba Inu(SHIB)$0.000011-0.69%
  • tronTRON(TRX)$0.062738-7.04%
  • avalanche-2Avalanche(AVAX)$17.47-0.51%
  • daiDai(DAI)$1.000.13%
  • uniswapUniswap(UNI)$6.20-2.02%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$27,735.00-1.99%
  • chainlinkChainlink(LINK)$7.40-1.93%
  • ToncoinToncoin(TON)$2.34-3.42%
  • cosmosCosmos Hub(ATOM)$11.68-0.63%
  • leo-tokenLEO Token(LEO)$3.37-0.29%
  • ethereum-classicEthereum Classic(ETC)$20.831.83%
  • moneroMonero(XMR)$154.031.15%
  • okbOKB(OKB)$45.822.69%
  • bitcoin-cashBitcoin Cash(BCH)$129.16-2.66%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • stellarStellar(XLM)$0.093285-0.61%
  • filecoinFilecoin(FIL)$5.79-0.40%
  • AptosAptos(APT)$12.815.75%
  • true-usdTrueUSD(TUSD)$1.010.21%
  • lido-daoLido DAO(LDO)$2.36-0.12%
  • hedera-hashgraphHedera(HBAR)$0.061535-3.20%
  • quant-networkQuant(QNT)$126.16-3.10%
  • crypto-com-chainCronos(CRO)$0.069392-2.73%
  • nearNEAR Protocol(NEAR)$2.00-1.02%
  • vechainVeChain(VET)$0.0234650.55%
  • blockstackStacks(STX)$1.162.59%
  • algorandAlgorand(ALGO)$0.219292-6.20%
  • internet-computerInternet Computer(ICP)$5.10-1.21%
  • apecoinApeCoin(APE)$4.070.36%
  • the-graphThe Graph(GRT)$0.1538392.19%
  • fantomFantom(FTM)$0.4866040.69%
  • eosEOS(EOS)$1.15-1.16%
  • the-sandboxThe Sandbox(SAND)$0.65-0.34%
  • aaveAave(AAVE)$77.67-0.24%
  • decentralandDecentraland(MANA)$0.60-1.03%
  • elrond-erd-2MultiversX(EGLD)$42.92-1.32%
  • tezosTezos(XTZ)$1.16-1.14%
  • immutable-xImmutableX(IMX)$1.22-0.78%
  • flowFlow(FLOW)$1.01-2.52%
  • fraxFrax(FRAX)$1.000.13%
  • theta-tokenTheta Network(THETA)$1.020.01%
  • axie-infinityAxie Infinity(AXS)$8.55-1.17%
  • kucoin-sharesKuCoin(KCS)$9.04-2.67%
  • neoNEO(NEO)$12.413.05%
  • havvenSynthetix Network(SNX)$2.73-1.94%
  • optimismOptimism(OP)$2.54-2.07%
  • conflux-tokenConflux(CFX)$0.378816-6.59%
  • BitDAOBitDAO(BIT)$0.53-3.20%
  • paxos-standardPax Dollar(USDP)$1.010.16%
  • rocket-poolRocket Pool(RPL)$39.00-2.99%
  • terra-lunaTerra Luna Classic(LUNC)$0.000127-0.93%
  • curve-dao-tokenCurve DAO(CRV)$0.97-2.12%
  • gatechain-tokenGate(GT)$5.26-0.07%
  • usddUSDD(USDD)$1.00-0.28%
  • mina-protocolMina Protocol(MINA)$0.82-0.73%
  • klay-tokenKlaytn(KLAY)$0.230380-1.90%
  • bitcoin-cash-svBitcoin SV(BSV)$36.67-4.57%
  • dashDash(DASH)$61.899.07%
  • WhiteBIT TokenWhiteBIT Token(WBT)$4.780.01%
  • pancakeswap-tokenPancakeSwap(CAKE)$3.76-0.77%
  • gmxGMX(GMX)$77.24-2.03%
  • chilizChiliz(CHZ)$0.1226960.16%
  • sapphireSapphire(SAPP)$0.7035.32%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • makerMaker(MKR)$686.601.68%
  • ecasheCash(XEC)$0.0000321.50%
  • huobi-tokenHuobi(HT)$3.70-8.15%
  • frax-shareFrax Share(FXS)$8.04-3.16%
  • bittorrentBitTorrent(BTT)$0.000001-1.02%
  • singularitynetSingularityNET(AGIX)$0.4899830.27%
  • iotaIOTA(MIOTA)$0.212559-1.84%
  • Bitget TokenBitget Token(BGB)$0.410050-2.19%
  • xdce-crowd-saleXDC Network(XDC)$0.039286-2.92%
  • compound-ethercETH(CETH)$35.42-2.01%
  • EdgecoinEdgecoin(EDGT)$1.010.10%
  • pax-goldPAX Gold(PAXG)$1,990.571.97%
  • render-tokenRender(RNDR)$1.402.26%
  • Tokenize XchangeTokenize Xchange(TKX)$6.32-1.64%
  • trust-wallet-tokenTrust Wallet(TWT)$1.20-0.98%
  • tether-goldTether Gold(XAUT)$1,974.74-0.10%
  • binaryxBinaryX(BNX)$165.94-5.94%
  • zilliqaZilliqa(ZIL)$0.028125-0.21%
  • compound-usd-coincUSDC(CUSDC)$0.0228730.14%
  • Halo CoinHalo Coin(HALO)$0.057352-0.04%
  • osmosisOsmosis(OSMO)$0.81-2.08%
  • loopringLoopring(LRC)$0.3499720.80%
  • arweaveArweave(AR)$8.63-1.26%
  • 1inch1inch(1INCH)$0.51-2.23%
  • oec-tokenOKC Token(OKT)$23.703.76%
  • radixRadix(XRD)$0.041278-1.09%
  • thorchainTHORChain(RUNE)$1.40-2.39%
  • mask-networkMask Network(MASK)$5.467.47%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,887.06-1.90%
  • convex-financeConvex Finance(CVX)$5.37-3.36%
  • fetch-aiFetch.ai(FET)$0.385849-2.03%
  • enjincoinEnjin Coin(ENJ)$0.4008050.57%
  • casper-networkCasper Network(CSPR)$0.036855-1.93%
  • kavaKava(KAVA)$0.88-4.86%
  • gemini-dollarGemini Dollar(GUSD)$1.000.17%
  • nexoNEXO(NEXO)$0.701.88%
  • zcashZcash(ZEC)$35.890.31%
  • btse-tokenBTSE Token(BTSE)$2.400.03%
  • FlareFlare(FLR)$0.0321473.61%
  • dydxdYdX(DYDX)$2.51-1.97%
  • DeFiChainDeFiChain(DFI)$0.56-3.45%
  • FLOKIFLOKI(FLOKI)$0.000038-2.42%
  • MagicMagic(MAGIC)$1.74-2.58%
  • cdaicDAI(CDAI)$0.0222310.07%
  • EthereumPoWEthereumPoW(ETHW)$3.43-0.73%
  • basic-attention-tokenBasic Attention(BAT)$0.244255-0.60%
  • DogechainDogechain(DC)$0.001787-24.98%
  • ethereum-name-serviceEthereum Name Service(ENS)$13.81-2.03%
  • nemNEM(XEM)$0.039661-1.53%
  • WEMIXWEMIX(WEMIX)$1.42-3.76%
  • qtumQtum(QTUM)$3.314.59%
  • woo-networkWOO Network(WOO)$0.205468-0.72%
  • Aleph ZeroAleph Zero(AZERO)$1.569.46%
  • Nexus MutualNexus Mutual(NXM)$50.55-1.65%
  • injective-protocolInjective(INJ)$4.231.59%
  • terra-luna-2Terra(LUNA)$1.41-0.17%
  • baby-doge-coinBaby Doge Coin(BABYDOGE)$0.000000-1.35%
  • holotokenHolo(HOT)$0.0018510.14%
  • theta-fuelTheta Fuel(TFUEL)$0.0539650.26%
  • galaGALA(GALA)$0.041722-3.18%
  • ravencoinRavencoin(RVN)$0.026166-2.75%
  • kusamaKusama(KSM)$33.96-0.36%
  • celoCelo(CELO)$0.62-1.16%
  • compound-governance-tokenCompound(COMP)$43.74-1.08%
  • Access ProtocolAccess Protocol(ACS)$0.0099854.03%
  • oasis-networkOasis Network(ROSE)$0.058263-2.14%
  • Gains FarmGains Farm(GFARM2)$8,150.47-3.15%
  • bitcoin-goldBitcoin Gold(BTG)$16.60-4.25%
  • decredDecred(DCR)$19.54-1.35%
  • BeldexBeldex(BDX)$0.0556111.21%
  • olympusOlympus(OHM)$10.300.67%
  • gnosisGnosis(GNO)$110.28-1.23%
  • yearn-financeyearn.finance(YFI)$8,659.45-2.31%
  • KaspaKaspa(KAS)$0.016217-1.54%
  • linkLINK(LN)$41.31-0.33%
  • AstarAstar(ASTR)$0.064068-5.69%
  • audiusAudius(AUDIO)$0.280437-1.13%
  • safemoonSafeMoon [OLD](SAFEMOON)$0.000000-0.39%
  • ankrAnkr Network(ANKR)$0.033951-0.59%
  • nucypherNuCypher(NU)$0.2062644.82%
  • harmonyHarmony(ONE)$0.0218911.41%
  • balancerBalancer(BAL)$6.72-0.20%
  • liquity-usdLiquity USD(LUSD)$1.020.12%
  • chiaChia(XCH)$37.83-0.54%
  • Bone ShibaSwapBone ShibaSwap(BONE)$1.12-5.41%
  • IdeaChainIdeaChain(ICH)$4.730.00%
  • ftx-tokenFTX(FTT)$1.89-21.52%
  • SSV NetworkSSV Network(SSV)$35.48-4.11%
  • stepnSTEPN(GMT)$0.397772-1.36%
  • Crypto Gladiator LeagueCrypto Gladiator League(CGL)$0.16194440.57%
  • huobi-btcHuobi BTC(HBTC)$27,848.00-1.19%
  • convex-crvConvex CRV(CVXCRV)$0.86-1.66%
  • BlurBlur(BLUR)$0.603.30%
  • omisegoOMG Network(OMG)$1.77-0.19%
  • AstraferAstrafer(ASTRAFER)$1.58-1.77%
  • golemGolem(GLM)$0.243063-0.59%
  • Gains NetworkGains Network(GNS)$7.94-3.42%
  • iotexIoTeX(IOTX)$0.0251920.13%
  • moonbeamMoonbeam(GLMR)$0.3919520.95%
  • Manchester City Fan TokenManchester City Fan Token(CITY)$11.87-1.78%
  • world-mobile-tokenWorld Mobile Token(WMT)$0.2920233.33%
  • justJUST(JST)$0.025814-4.24%
  • ecomiECOMI(OMI)$0.000845-0.71%
  • escoin-tokenEscoin(ELG)$2.84-0.02%
  • jasmycoinJasmyCoin(JASMY)$0.004804-1.34%
  • Meerkat SharesMeerkat Shares(MSHARE)$11,715.17-5.03%
  • DAO MakerDAO Maker(DAO)$1.511.45%
  • kadenaKadena(KDA)$1.01-2.50%
  • tether-eurtEuro Tether(EURT)$1.091.69%
  • wavesWaves(WAVES)$2.23-2.42%
  • Staked LunaStaked Luna(STLUNA)$88.35-0.49%
  • bloxBlox(CDT)$0.301537-32.07%
  • Frax EtherFrax Ether(FRXETH)$1,762.58-1.85%
  • amp-tokenAmp(AMP)$0.003871-2.11%
  • terrausdTerraClassicUSD(USTC)$0.021694-3.20%
  • sushiSushi(SUSHI)$1.09-5.78%
  • band-protocolBand Protocol(BAND)$1.69-1.93%
  • siacoinSiacoin(SC)$0.004050-0.18%
  • Ankr Staked ETHAnkr Staked ETH(ANKRETH)$1,925.73-2.13%
  • LiquityLiquity(LQTY)$2.24-2.73%