Connect with us


Binance Will Remove The Eur Gbp And Aud Margin Trading Pairings From Its Platform

Despite an intensifying regulatory crackdown, global cryptocurrency exchange Binance continues to limit support for several of its trading services.
Binance said on Monday that three fiat currencies, the Euro (EUR), the Australian dollar (AUD), and the British pound sterling (GBP), would be delisted from its margin trading pairings.
Binance will stop the mentioned fiat trading pairs on August 1st, according to the release.
10 and then switch to automated settlement and cancel all pending orders relating to it.
By August, the exchange will have completely delisted the isolated margin trading pairs.
The current trading restriction is in keeping with Binance’s proactive attempts to reduce trading risks, as well as its recent move to drastically limit leverage trading on Binance Futures, lowering maximum leverage holdings from 125x to 20x.
“Margin trading entails a high level of risk, as well as the prospect of huge rewards and losses.”
Past performance does not guarantee future results.
“In the event of significant price fluctuation, your whole margin amount may be liquidated,” the notification warns.
Binance Futures is limiting existing users’ leverage to 20x. This news comes as Binance has recently come under heightened scrutiny from global regulators and financial organizations.
Authorities in the United States, the United Kingdom, Italy, and other nations have issued several warnings to the exchange.
Since late June, a number of British financial institutions, including Barclays and NatWest, have begun restricting payments to Binance.
This story is developing and will be updated as more information becomes available.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Must See

More in News