Under increasing regulatory pressure, the Binance crypto exchange is stopping the sale of so-called share tokens.
This applies from now on, announced the trading platform on its website on Friday.
As of October, they could no longer be traded.
On Thursday, the Italian stock exchange regulator made it clear that Binance was not authorized to offer investment services in Italy.
The crypto exchange had provided information on derivatives and share tokens in Italian on its website.
Authorities in other countries are also increasing the pressure. In April, the German BaFin threatened the company with fines because share tokens were being offered without the required securities documents. Share tokens are digital versions of share certificates. Their value is linked to the price of the underlying shares. Binance had previously offered tokens on the equity securities of companies such as Apple, Tesla or Microsoft.