{"id":49818,"date":"2021-09-21T09:42:51","date_gmt":"2021-09-21T06:42:51","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=49818"},"modified":"2025-09-02T14:36:17","modified_gmt":"2025-09-02T11:36:17","slug":"binance-to-halt-crypto-derivative-trading-for-australian-clients","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/binance-to-halt-crypto-derivative-trading-for-australian-clients\/","title":{"rendered":"Binance to halt crypto-derivative trading for Australian clients"},"content":{"rendered":"

Binance, the Bitcoin exchange, warned that by December 23, 2021 it will wind down the ability to trade crypto-derivatives for users from Australia. This is stated<\/a> on the company’s website.<\/p>\n

In late August the company announced the appointment<\/a> of Lee Travers, the former CEO of the world’s first publicly listed blockchain company DigitalX, as CEO of the Australian subsidiary.<\/p>\n

Earlier the Bitcoin exchange announced plans to wind down crypto-derivative trading in Europe<\/a>, starting with Germany, Italy and the Netherlands. Access was also lost for users in Hong Kong<\/a>.<\/p>\n

In the summer the platform reduced the daily withdrawal limit<\/a> for new clients who had completed basic account verification, and reduced leverage on the futures platform to 20x<\/a>.<\/p>\n

In recent months, financial regulators from several countries, including the United Kingdom<\/a>, the Netherlands<\/a>, Italy<\/a>, Poland<\/a>, Japan<\/a>, Thailand<\/a>, Hong Kong<\/a>, Singapore<\/a>, South Africa<\/a> and a number of others<\/a>, issued warnings to investors about the exchange’s activities.<\/p>\n

Against this background, Binance CEO Changpeng Zhao published an open letter<\/a>, in which he outlined plans to ensure regulatory compliance and protect customers.<\/p>\n

Bloomberg reported<\/a> that the CFTC<\/span> planned to investigate Binance for potential insider trading and market manipulation.<\/p>\n

Follow ForkLog news on Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

Binance warned that by December 23, 2021 it will wind down the ability to trade crypto-derivatives for Australian users. This was announced on the company’s website.<\/p>\n","protected":false},"author":1,"featured_media":49819,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[108,744,1168],"class_list":["post-49818","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-australia","tag-binance","tag-crypto-derivatives"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/49818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=49818"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/49818\/revisions"}],"predecessor-version":[{"id":49820,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/49818\/revisions\/49820"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/49819"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=49818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=49818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=49818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}