# Exchange news

By [Virat Singh](https://paragraph.com/@virat-singh) · 2023-04-10

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The Australian Securities and Investments Commission (ASIC) has canceled Binance Australia's derivatives license, according to a press release. “The licence cancellation was effected today in response to a request to cancel received from Binance yesterday,” it said. Binance will require clients to close any existing derivative positions before April 21, on which day it will close any remaining open positions.

Bitstamp announced a new lending service across several European markets, Hong Kong, and the UAE. It partnered with Tesseract, a Finnish lending firm that also offers a white-label platform, on which the borrowers must provide 100% collateral for stablecoin loans, according to The Block. The exchange's lending product offers daily rewards and up to 4.4% APY, with lending available for major coins, such as Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), and Tether (USDT), among others.

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*Originally published on [Virat Singh](https://paragraph.com/@virat-singh/exchange-news)*