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Binance, the world’s largest cryptocurrency by volume, will stop offering cryptocurrency futures and options to its Australian customers.

In an announcement on its blog, Binance said the move was part of its constant evaluation of products and services to comply with local regulations. As part of the policy change, the exchange will also stop offering leveraged tokens to its Australian users.

As of Sept 24, Australian users have 90 days to reduce and close their positions for these products. Until then, users can top-up margin balances to prevent margin calls and liquidations. However, they will not be able to increase or open new positions. After midnight on Dec 24, these users will no longer be able to manually reduce or close their positions.

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