Global cryptocurrency exchange Binance continues restricting support for some of its trading services amid an ongoing regulatory crackdown.

Binance officially appear Mon that the exchange would delist margin trading pairs for three fiat currencies: the euro, the Australian dollar and the British pound sterling.

According to the announcement, Binance will append the mentioned fiat trading pairs on Aug. ten and so switch to automatic settlement and cancel all related pending orders. The isolated margin trading pairs will have been entirely delisted from the substitution by Aug. 12.

The latest trading restriction comes in line with Binance's aggressive efforts to curb trading risks alongside its recent determination to significantly limit leverage trading, reducing maximum leverage positions from 125x to 20x on Binance Futures.

"Margin trading carries a substantial risk and the possibility of both meaning profits and losses. Past gains are non indicative of time to come returns. All of your margin balance may be liquidated in the event of extreme price movement," the annunciation notes.

Crypto margin trading is a method of trading cryptocurrencies through borrowing funds and allowing traders to admission bigger capital to leverage their positions. Like to Binance Futures, Binance's margin trading service was launched in July 2022.

The exchange specifically lets users open up a position with their majuscule and the number of avails they want to purchase by automatically lending them funds requiring to open a position based on maximum applicably leverage. The substitution also automatically deducts the repay amount and other charges while endmost a position.

Related: Binance Futures to limit leverage to 20x for existing users

The news comes amid Binance facing increased scrutiny from global regulators and financial institutions recently. The commutation has been served multiple warnings from authorities in the The states, the United Kingdom, Italia and other countries. A number of British financial institutions, such as Barclays and NatWest bank, has likewise started blocking payments to Binance since late June.

According to a Sunday written report past the Financial Times, some crypto funds have also retracted from trading on Binance amid the accelerating regulatory crackdown on the crypto commutation, with crypto-focused investment firm Tyr Capital and swain hedge fund ARK36 cutting exposure to Binance. The global regulatory pushback and uncertainty "should raise carmine flags for anyone keeping serious capital at the exchange," ARK36's executive director Ulrik Lykke said.