Bybit will cease offering cryptocurrency derivatives trading services in Brazil on September 15

Chain Catcher News, the Singapore cryptocurrency exchange Bybit will stop offering derivative trading services such as crypto futures and options in Brazil on September 15, and stated that it is negotiating with the Brazilian Securities Commission (CVM), advising users to manage their positions or orders, and claiming that there will be no implication of any form of freezing of the derivative assets deposited by users.

Previously reported, the Brazilian Securities Commission prohibited Bybit from engaging in securities brokerage activities. ( CoinDesk )