Cryptocurrency News

Binance Extends Restrictions Over Derivatives Trading In Australia.

Leading cryptocurrency exchange Binance has outlined its shift to a proactive compliance standpoint by extending restrictions on derivatives trading to users in Australia.

Effectively immediately, Australian users won’t be able to open new accounts for options, margin products as well as leveraged tokens, Binance revealed earlier today on Thursday.

This official announcement extends existing restrictions effective 7th Aug. that prevented users from opening new futures accounts.

The move is among the latest by the exchange to deal with regulatory and compliance concerns proactively, in response to intense scrutiny from regulators around the world that the exchange has been subjected to in recent months.

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