Share this article
Binance Suspends Futures in Brazil Citing Regulatory Requirements
The product was removed in response to an order from the Brazilian Securities Commission.
Updated Sep 14, 2021, 1:43 p.m. Published Aug 20, 2021, 9:18 p.m.
Crypto exchange Binance suspended the trading of futures contracts on its Brazilian platform on Friday to comply with local regulations.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Brazilian customers can still trade futures, options, margin products and leveraged tokens, as long as they access the products through the English site, but Binance has stopped marketing its derivatives products, the exchange confirmed through an external spokesperson.
The news was first reported by Brazilian crypto media outlet Portal do Bitcoin.
"To respect the Brazilian order, Binance implemented restrictions on our website and stopped marketing on the derivatives products. If there are new changes, we will evaluate and proactively engage with the relevant stakeholders to find the optimal solutions for the local users. We will share more information if and when we have a decision and are ready to announce," Binance told CoinDesk.
Brazil’s National Securities Commission (CVM) had asked Binance to suspend futures in July 2020, because the exchange was operating with no authorization, Brazilian crypto media site Livecoins reported.
Binance has tightened its know-your-customer requirements worldwide after regulators in a number of different countries announced investigations into the company.
More regulations ahead
Brazil is moving to regulate cryptocurrencies more closely. At an online event held on Thursday, Brazilian Central Bank President Roberto Campos Neto said that the central bank and CVM are discussing the regulation of cryptocurrencies.
During the event, which was promoted by the Council of the Americas, Campos Neto said that in emerging markets bitcoin and ethereum are more explored as investments than as payments, while he emphasized the growth in interest in stablecoins.
"It is important to report that this arises from a need that people have for payments to be fast, open, secure and with transparency in all senses," he said.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Japan’s Higher Rates Puts Bitcoin in the Crosshairs of a Yen Carry Unwind
A stronger yen typically coincides with de-risking across macro portfolios, and that dynamic could tighten liquidity conditions that recently helped bitcoin rebound from November’s lows.
What to know:
- The Bank of Japan is expected to raise interest rates to 0.75% at its December meeting, the highest since 1995, affecting global markets including cryptocurrencies.
- A stronger yen could lead to de-risking in macro portfolios, impacting liquidity conditions that have supported bitcoin's recent recovery.
- Governor Kazuo Ueda indicated a high probability of a rate hike, with officials prepared for further tightening if their economic outlook supports it.
Top Stories
