The world's largest cryptocurrency exchange, Binance, has recently announced to shut down Binance Jersey, its Jersey-based subsidiary. As per the sources, the exchange has not yet specified the exact reason for bringing down its firm. However, the exchange will allow trading and withdrawals of all pairs and currencies till 9th November 2020 and will shutdown its firm on 30th November 2020, after which the accounts of all the users will be inaccessible.