Binance To Shut Down Derivatives Trading Across Europe – July 30


📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$38,690

Bitcoin price has fallen from its range around the $40,000 mark to begin Friday, currently sitting in the high $38,000s.

Top-20 altcoins have had mixed results over the last 24 hours, with Ethereum gaining a little over 1%, Binance Coin falling 2% and Solana charging ahead with an 8% gain.

Top Stories for July 30, 2021 🔥

👉 Binance To Shut Down Derivatives Trading Across Europe

Cryptocurrency exchange Binance is shutting down derivatives trading services across Europe, beginning with Germany, Italy, and the Netherlands.

Derivatives trading has already been discontinued for the three aforementioned countries, with users given 90 days to close any open positions.

Binance has also stated that it plans to shut down derivatives trading for the remainder of the European region at a later date.

👉 MicroStrategy Plans To Buy Even More BTC, Despite $425M In Q2 Losses

Business intelligence firm MicroStrategy has posted $425 million in paper losses through Q2 of this year, however plan to continue to purchase Bitcoin.

According to its Q2 report, the company holds around 105,085 BTC, with a total current market value of well over $2 billion.

👉 FTX US Reports 150X Growth In Volume Since Last Year 

FTX’s affiliate in the United States has reported tremendous growth in daily trading volumes since the first half of 2020, with a 150-fold increase.

Daily volumes for 2021 have ranged between $150 million and $1 billion, peaking at $993 million towards the end of April.