Why Is Binance Removing 8 Services and 22 Tokens in Brazil?

Binance has announced plans to restrict eight cryptocurrency services and remove 22 tokens from trading in Brazil starting October 27, 2026, as the exchange prepares to move local customers under new central bank regulations.

Binance announced the changes on October 8, confirming that Brazilian users will lose access to selected lending, mining, margin trading and token reward services. The company has set a separate October 29 deadline to transfer eligible customers to its Brazilian operating entities, which will handle local transactions and regulatory reporting.

The restrictions cover products currently available through the exchange’s international operations. Customers holding affected assets will retain access to their balances, although Binance will prevent them from opening new positions in restricted products.

Binance to stop 8 crypto services and remove 22 tokens

Beginning October 27, Brazilian residents will no longer be able to access Binance Loans, Binance Pool, Cloud Mining, margin trading, Launchpool, Megadrop, HODLer Airdrops and Alpha 2.0. The exchange confirmed that affected services will stop accepting new positions, with existing holdings subject to different closure arrangements.

Customers with outstanding loans contracted through Binance’s Abu Dhabi entity will enter a repayment-only arrangement. Borrowers can settle their positions without penalties, and any remaining balances after settlement will return to their Spot wallets.

For margin traders, existing positions can remain open because Binance has not established a mandatory closure deadline. However, customers will no longer be permitted to place new margin orders, transfer additional funds into margin accounts or obtain further loans from October 27.

The exchange has separately identified 22 tokens that will no longer be available for trading by Brazilian residents. The affected assets are XVG, USDE, USTC, DCR, DUSK, PIVX, BB, MANTRA, ONE, GMT, TFUEL, ZIL, ONT, RVN, ACX, HIT, PYR, VANRY, VIC, ICX, SCRT and STORJ.

Trading in the affected tokens will remain available until October 27. Customers who continue holding them after the deadline can retain their balances, withdraw the assets or reinvest them in supported products.

Existing restrictions on bStocks will remain in place. Binance has not announced a date for restoring access to the affected tokens or the eight restricted services.

Brazilian Binance accounts to move under local entities

Under the new arrangements, Binance plans to move eligible customers to BBrasil Sociedade Prestadora de Serviços de Ativos Virtuais Ltda., a group company responsible for permitted cryptocurrency services in Brazil.

By October 29, residents will receive individual payment accounts through Binance Brasil Corretora de Câmbio e Valores Mobiliários SA, formerly known as Sim;paul. The company will process transactions in Brazilian reais, while the separate virtual asset provider will handle regulated cryptocurrency activities.

Binance obtained approval to acquire Sim;paul in December 2024. The acquisition of the Brazilian brokerage gave the exchange access to an existing local financial institution authorized by Brazil’s central bank.

Customers will not need to complete identity verification again unless their registration information is outdated. Their transaction history, account statements and existing cryptocurrency deposit addresses will remain available after migration.

According to Binance, virtual asset custody will continue through Nest Clearing and Custody Ltd., an entity regulated by Abu Dhabi’s Financial Services Regulatory Authority. The exchange maintains that customer assets will remain protected throughout the transfer.

Brazilian residents who decline the migration must withdraw their assets and close their Binance accounts before October 27. Customers whose verified residence is outside Brazil will remain on the international platform.

New Brazil crypto rules change futures trading access

The account migration follows Brazil’s tighter licensing requirements for crypto exchanges, which require virtual asset providers to obtain authorization and comply with local operating standards.

The Central Bank of Brazil established the framework through Resolutions 519, 520 and 521 in November 2025. The regulations cover licensing, customer protection, money laundering controls and international transactions involving virtual assets.

In September, the regulator revised parts of Resolution 520 through Resolution 589. The amendments took effect on October 1, with some reporting provisions scheduled for January 2027.

For Binance customers, futures trading will follow a separate arrangement from the services restricted on October 27.

The exchange states that it cannot offer cryptocurrency derivatives directly to Brazilian residents under the country’s securities regulations. Eligible customers may independently access futures through a separate international account operated by Binance’s Abu Dhabi entity.

Existing futures positions that are not moved to the international account will enter reduce-only mode, allowing customers to close or reduce positions without opening new ones. Other restricted services will not transfer to the international account.

The derivatives arrangement follows earlier regulatory scrutiny in Brazil, where Binance agreed to a $1.7 million settlement with the country’s securities regulator in 2024 over unauthorized derivatives offerings.

Binance to introduce payment and reporting changes in November

Alongside the October account migration, Binance will introduce new checks on cryptocurrency transfers involving overseas parties from November 1.

Under the international crypto transfer requirements, Brazilian customers must provide the purpose of certain transactions and identify the individuals or businesses sending or receiving the assets.

Withdrawals requiring this information cannot proceed until users complete the necessary details. Incoming deposits may remain pending while the exchange collects the required information.

The procedures fall under Resolution 521, which governs certain cryptocurrency transactions within Brazil’s foreign exchange reporting system. Binance will submit relevant transaction information to the central bank through monthly reports.

Customers will continue using Pix for supported Brazilian real deposits and withdrawals between accounts belonging to the same person. Binance plans to introduce payments involving third parties through an expanded Pix service, although it has not provided a launch date.

The exchange will require customers to complete a four-question risk assessment under Resolution 520. Users will have 30 days after receiving the notification to submit their responses, with new trading restricted if they fail to complete the assessment within that period.

Brazilian tax reporting will change following the migration. Binance says crypto transactions conducted through its local entity will fall under domestic investment tax treatment starting October 29.

Under the tax treatment described in the company’s announcement, monthly virtual asset sales totaling R$35,000 or less qualify for a capital gains exemption. Where monthly sales exceed that threshold, applicable gains face progressive rates ranging from 15% to 22.5%.

International investments held through the foreign Binance entity will remain subject to separate tax rules, including a 15% annual rate on applicable gains without the domestic R$35,000 exemption.

For regulatory reporting, the local virtual asset provider will submit transaction information to Brazil’s Federal Revenue Service under the DeCripto framework. Binance says the Abu Dhabi entity will begin reporting under the Crypto-Asset Reporting Framework to authorities in the United Arab Emirates in 2027.