Binance Restricts 8 Services and Delists 22 Tokens in Brazil
- —Eight services, including loans, margin trading, Cloud Mining and Launchpool, will be restricted from October 27
- —22 tokens, including XVG and USTC, will be delisted
- —Existing margin positions can be held, but no new ones may be opened
- —Brazilian users will migrate to a local entity by October 29
Why it matters: Binance's partial withdrawal in Brazil will reduce liquidity and trading volumes for delisted tokens in the region.
Source: Coinfomania