Crypto Exchange Binance Announces Plan To End Options and Futures Trading in Australia.
22 Sep 2021, 08:00
Crypto Exchange Binance Announces Plan To End Options and Futures Trading in Australia
One of the world’s largest cryptocurrency exchanges says it is discontinuing some of the products and services it offers Australian customers.
Crypto exchange Binance says that as of September 24th, users in Australia will not be allowed to increase or open new futures, options, and leveraged token positions. Further, all open positions in these categories will automatically be closed starting on December 24th.
The cryptocurrency exchange says the decision is motivated by the need to “comply with local regulations.”
“Our aim is to create a sustainable ecosystem around blockchain technology and digital assets. Binance welcomes developments to our industry’s regulatory framework as they pose opportunities for the market players to have greater collaboration with the regulators.