Binance stops accessing futures for Europe - New day crypto

Trading on margin or bitcoin margin trading is the practice of borrowing funds from a platform to open larger positions than your available assets. This way, the trader can leverage their margin to make outsized gains (or losses) depending on the amount of leverage.

You can earn a 20% commission discount on each purchase. The most used and at the same time the most reliable crypto exchange platform is Binance. Visit for Binance Leverage Trading Fees. Also, Binance extremely easy to use and learn.

The amount of cryptocurrency withdrawals that can be made without going through the KYC procedure has also been reduced. We reported about similar changes in Germany, binance futures Italy and the Netherlands in the article under the title «Binance closes futures trading in Europe». Until recently, it was 2 BTC, now it is as low as 0.06 BTC. Thus, Australia becomes another country where Binance introduces new restrictions for binance its users. In the rest of the world the leverage was reduced from 125x to 20x. The solution quickly expanded to the Hong Kong region.

COIN-M futures są zazwyczaj bardziej popularne wśród górników, którzy chcą zabezpieczyć swoje pozycje na Bitcoina. Ponieważ rozliczenie odbywa się za pośrednictwem kryptowaluty, nie ma potrzeby zamiany BTC na stablecoiny, co stanowiłoby dodatkowy krok w procesie hedgingu.

Of course you could only lose that much if you actually had that much money available in your margin account. Otherwise the position would have been closed as soon as the futures contract moved 0.8% against you ($8 x 125) unless you deposited more money in your account to cover any potential additional losses.

The consequences of not taking this step both for bitcoin the exchange, its users, and even the entire cryptocurrency market were difficult to predict. Binance has, until recently, faced considerable problems in many states where the exchange’s operations were seen as being in violation of local laws. However, the possible scenarios were not optimistic. The owners were left with no choice but to comply with all regulations. In addition, the exchange confirmed that the latest decision is a result of cooperation with regulatory authorities in the country.

«We are constantly evaluating our products and workingwith partners to meet the needs of users, — the exchange writes. We understand that many local regulators may have their own stance on cryptocurrencies and welcome the opportunity to engage in constructive dialogue. Although we are not actively promoting futures and derivatives in individual countries, we intend to start further restricting access to these products in the region. The authorities here are acting proactively to form more harmonious regulation of cryptocurrencies, and this is a positive sign for the industry. — The European region is very important to Binance.

One of the most notable of these is PancakeSwap, a Uniswap clone that gives users some innovative new ways to yield farm and create other income streams. Binance has been focused on the growth and innovation around liquidity pool and AMM recently, and there have been a number of innovations built on BSC that take advantage of this.

Obviously the exchange was just newly launched at the time and no one knew how popular it could become. It has made early investors very rich as it was sold for just $0.115 at the ICO for the coin in July 2017. That is an incredible return. Another notable feature of Binance is their own cryptocurrency, the Binance Coin, or BNB. As of March 2021 the BNB tokens are the fifth largest cryptocurrency by market cap and they are valued at $224.66.

Binance exchange was launched in 2017 by Changpeng Zhao, and to encourage usage, it offered a 50% discount to its customers that opted to use Binance Coin (BNB) to pay for trading fees. BNB is the native Binance exchange’s cryptocurrency used during the token sale to raise funds for developing and launching it.

Their availability to a particular Binance user depends on their geographical location. Binance offers a multitude of deposit and withdrawal methods. However, generally, Binance has one of the most conclusive lists of supported payment methods.

However, it is possible that this may change over time. As it turns out, the new restrictions apply only to the Binance exchange for the time being. All other platforms offering options and futures-based cryptocurrency trading in Australia are still available to their users. In an attempt to speed up the process, or in an effort to quickly make up for any losses incurred, they abuse leverage, risking to lose a lot of capital in the process. The desire to protect private funds may push current restrictions a little further over time. Governments recognize that many users of exchanges see an opportunity to get rich quick on cryptocurrencies.

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