Binance, the world’s largest cryptocurrency exchange, will cease offering futures and derivatives products to investors in some European countries amid a growing crackdown by regulators.

Users in Germany, the Netherlands and Italy won’t be able to open new futures or derivatives products accounts, with immediate effect, Binance said on 30 July. It indicated that other European countries could be added. At a future date, the exchange will instruct users in those nations with current positions that they have 90 days to close them.