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Binance shuts down futures and options trading for Australian users By BTC Peers


© Reuters. Binance shuts down futures and choices buying and selling for Australian customers

Binance will now not permit its Australian customers to entry its futures and choices buying and selling merchandise.

In line with a Tuesday announcement, clients can have 90 days to exit their place starting from September twenty fourth. Moreover, the main alternate can be set to take away help for leveraged tokens, a spinoff product that enables customers to achieve leveraged publicity to digital currencies with none threat of liquidation.

Binance has been doing all it will possibly to enter the nice books of regulators. In late June, the alternate lowered the utmost leverage place on Binance Futures from 101x to 20x amid clashes with regulators throughout the globe. A month later, it discontinued its inventory token product. And simply final month, Binance opted to introduce necessary Know Your Buyer (KYC) checks for all its customers to be able to strengthen compliance.

The alternate platform additionally moved to discontinue buying and selling for the Singapore greenback in addition to the Norwegian Krone.

As reported by BTC PEERS, the U.S. Commodity Futures Buying and selling Fee (CFTC) lately intensified its probe into Binance U.S. for suspected market manipulation and insider buying and selling.

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