Crypto Exchange Binance sets the trade in Australia - stock exchanges

Crypto Exchange Binance sets the trade in Australia - stock exchanges

In the middle of the global official control, the global cryptocurrency exchange Binance has announced that in 90 days they will no longer offer futures, options and leveraged tokens.

changes to Binance Australia

The cryptocurrency exchange Binance announced some changes to their offers in Australia on Tuesday. The stock exchange will no longer offer the existing Australian users futures, options and leveraged tokens. Binance explains:

From September 24, 2021 at 9:00 a.m. (UTC), existing Australian users have 90 days to reduce and close their positions for these products.

"Users can charge margin credit to prevent margin calls and liquidations, but they cannot increase or open new positions," added Binance. "Users can no longer manually reduce or close their positions after December 23, 2021 11:59 p.m. (UTC). After that, all remaining open positions are closed."

Binance Australia has been a few changes lately. On August 30, the company that the former DigitalX CEO Leigh Travers came to Binance as a CEO. DigitalX is a blockchain technology company.

In the meantime, the stock exchange was intensively tested by supervisory authorities worldwide, including in Great Britain, the Netherlands, Singapore, South Africa, Hong Kong, Malaysia, Thailand, Lithuania, Italy and Canada. Last week reports indicate that the US authorities Investigating Binance for possible market manipulation and inserage.

What do you think that Binance hires the trade in Australia? Let us know in the comment area below.

Bedy verification : Shutterstock, Pixabay, Wiki Commons