Binance is one of the longest-standing crypto exchanges in terms of securing regulatory approvals and operating licenses from global regulators. In this effort to operate as a fully licensed financial institution, the exchange has stopped offering it’s crypto derivatives services in Spain as it reportedly awaits approval from the Spanish regulator, Comisión Nacional del Mercado de Valores (CNMV).

As evidenced by Binance’s official Spanish SiteThe crypto exchange has removed the drop-down menu for derivatives. It is still accessible on the global version. According to local news publication La Información, the move to hide derivatives offering in Spain comes as a way to comply with the requirements set by CNMV, a.k.a. The National Securities Market Commission.