Bitcoin volatility increases, when Binance closes some Australian derivative contacts

23. Februar 2023, 14:51 Uhr

Von Krypto News Österreich

Die weltweit führende Kryptowährungsbörse – Binance – gab auf Twitter bekannt, dass sie Positionen von australischen Konten zwangsweise geschlossen hat, die fälschlicherweise als „Wholesale Investors“ eingestuft wurden. Binance enthüllt dass die australischen Vorschriften sie dazu verpflichten, Positionen von irrtümlich klassifizierten Konten australischer Investoren zwangsweise zu schließen. Unser Team hat eine kleine Anzahl australischer Benutzer identifiziert, die auf Binance fälschlicherweise als „Wholesale Investors“ eingestuft wurden. Gemäß den australischen Vorschriften waren wir verpflichtet, diese Benutzer zu informieren und alle ihre eigenen Derivatpositionen mit sofortiger Wirkung zu schließen. Die Börse sagte auch, dass sie die betroffenen Benutzer bereits kontaktiert haben und beabsichtigen, sie … — The world's leading cryptocurrency exchange - Binance - announced on Twitter that it was forced to conclude positions of Australian accounts that were incorrectly classified as "Wholesale Investors". Binance reveals that the Australian regulations oblige them to forced positions of error -classified accounts of Australian investors. Our team has identified a small number of Australian users who were incorrectly classified as "Wholesale Investors" on Binance. According to the Australian regulations, we were obliged to inform these users and to close all of their own derivative positions with immediate effect. The stock exchange also said that you have already contacted and intend to contact users, you ... (Symbolbild/KNAT)

The world's leading cryptocurrency exchange - Binance - announced on Twitter that it was forced to conclude positions of Australian accounts that were incorrectly classified as "Wholesale Investors".

Binance reveals that the Australian regulations commit positions of error-classified accounts to close Australian investors.

Our team identified a small number of Australian users who were incorrectly classified as "Wholesale Investors" on Binance.

According to the Australian regulations, we were obliged to inform these users and to close all of their own derivative positions with immediate effect.

The stock exchange also said that they have already contacted the users concerned and intend to compensate them entirely for all losses that were created for them when trading derivates.

However, the news caused volatility on the market because the price of Bitcoin fell below $ 24,000 and recovered minutes later:

btc_price_chart_2302231 Binance

Data from Coinglass also show an increase in liquidations, with BTC positions worth over $ 20 million in the last four hours, most of which were long.