Binance changes offerings in South Africa

Changes to Binance Exchange offerings in South Africa

As Binance constantly evaluates its product and service offerings to comply with local regulations, we will cease offering the following products to South African users

• Futures

• Options

• Margin

• Leveraged Tokens

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With immediate effect, South African users will be restricted from opening new accounts for these products.

Users will have 90 days to reduce and close their positions for these products. Users will be able to top-up margin balances to prevent margin calls and liquidations, but they will not be able to increase or open new positions.

Users will no longer be able to manually reduce or close their positions after 6th January 2022 11:59 PM. Thereafter all remaining open positions will be closed.

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.

We are committed to working constructively in policy-making that seeks to benefit every user.

Binance Exchange offer you a wide range of options to grow your crypto holdings, even when you’re not trading. With Binance, you have the power to allocate your tokens to different activities and services that we regularly launch on the platform.

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More information about Binance

Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses.