Hong Kong, Lithuania Issue Binance Warnings
Hong Kong's Securities and Futures Commission said no entity in the Binance Group is registered to conduct any regulated activity.
Hong Kong and Lithuania became the latest places to warn crypto exchange Binance about its operations. Hong Kong's markets regulator said Binance is not registered to operate in its jurisdiction, while the Bank of Lithuania said it warned the company about "its unlicensed investment services."
- Hong Kong's Securities and Futures Commission (SFC) said Friday that no entity in the Binance Group is registered to conduct any regulated activity in Hong Kong.
- The SFC raised concerns that Binance's stock tokens could be offered to Hong Kong investors.
- "Where the stock tokens are 'securities,' marketing and/or distributing such tokens – whether in Hong Kong or targeting Hong Kong investors – constitute a 'regulated activity' and require a license from the SFC unless an applicable exemption applies," the regulator said.
- Earlier today, Binance announced that it is discontinuing its stock token service, ending the sale of the tokens immediately and ceasing support for those already purchased in October.
- Lithuania's central bank also issued a warning about Binance's "unlicensed investment services."
- The announcements by the SFC and the Bank of Lithuania follow a string of similar warnings from regulatory bodies elsewhere, including the U.K., Japan and the Canadian province of Ontario.
- The U.K. Financial Conduct Authority's ruling was followed by several major banks in Britain, including Barclays and Santander blocking their customers from using their cards on Binance's platform.
Read more: Italian Regulator Says Binance Is Unauthorized
UPDATE (July 16, 10:57 UTC): Adds details from SFC statement and earlier stock-token announcement from Binance.
UPDATE(July 16, 13:34 UTC): Adds Lithuania.
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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
Что нужно знать:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Gold tops $5,000 as bitcoin stalls near $87,000 in widening macro-crypto split: Asia Morning Briefing

Bitcoin’s onchain data points to supply overhang and weak participation, while gold’s breakout is priced by markets as a durable macro regime shift.
Что нужно знать:
- Gold’s surge above $5,000 an ounce is increasingly seen as a durable regime shift, with investors treating the metal as a persistent hedge against geopolitical risk, central bank demand and a weaker dollar.
- Bitcoin is stuck near $87,000 in a low-conviction market, as on-chain data show older holders selling into rallies, newer buyers absorbing losses and a heavy supply overhang capping moves toward $100,000.
- Derivatives and prediction markets point to continued consolidation in bitcoin and sustained strength in gold, with thin futures volumes, subdued leverage and weak demand for higher-beta crypto assets like ether reinforcing the cautious tone.












