{"id":14014,"date":"2022-09-26T19:18:13","date_gmt":"2022-09-26T19:18:13","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/binance-relaunches-margined-trading-in-south-africa\/"},"modified":"2022-09-26T19:18:13","modified_gmt":"2022-09-26T19:18:13","slug":"binance-relaunches-margined-trading-in-south-africa","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/binance-relaunches-margined-trading-in-south-africa\/","title":{"rendered":"Binance relaunches margined trading in South Africa"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<ul>\n<li dir=\"ltr\"><strong><em>Binance had ceased offering crypto derivative products to customers in South Africa in October 2021.<\/em><\/strong><\/li>\n<li dir=\"ltr\"><strong><em>The platform will now offer its crypto futures products via regulated platform FiveWest OTC Desk.<\/em><\/strong><\/li>\n<li dir=\"ltr\"><em><strong>Brickhouse Trading Limited, a member of Binance group of companies, will offer the products as a jurisdic representative of FiveWest.<\/strong><\/em><\/li>\n<\/ul>\n<p dir=\"ltr\">Binance, a leading blockchain ecosystem and top cryptocurrency exchange platform, has <a href=\"https:\/\/www.binance.com\/en\/support\/announcement\/0c7d69f798314a3f950849c03421679b\" rel=\"noopener noreferrer\" target=\"_blank\">announced<\/a> its relaunching its crypto futures products in South Africa,<\/p>\n<p dir=\"ltr\">The exchange, which revealed the development on Monday, eligible South African customers can start accessing futures trading on the platform as from 26 September 2022.<\/p>\n<h2 dir=\"ltr\">Eligible customers to access futures products<\/h2>\n<p dir=\"ltr\">Binance\u2019s reentry with margined trading products for the African nation\u2019s market comes several months after it moved out due to regulatory and compliance issues.<\/p>\n<p dir=\"ltr\">In October last year, the exchange <a href=\"https:\/\/www.binance.com\/en\/support\/announcement\/0f200941e3de4c3490f670b6f0866df9\" rel=\"noopener noreferrer\" target=\"_blank\">halted<\/a> its derivatives-related products in the country \u2013 with the need to comply with local regulations forcing it to cease offerings for futures, options, margin and leveraged tokens.<\/p>\n<p dir=\"ltr\">On Monday, the exchange told its users in the country that USD-Margined and COIN-Margined perpetual as well as delivery Futures contracts were now available.<\/p>\n<p dir=\"ltr\">South African users can access these products on Binance again, with the platform partnering with regulated financial services FiveWest OTC Desk.\u00a0<\/p>\n<p dir=\"ltr\">The Changpeng Zhao-led crypto company noted that it has a juristic representative arrangement with the authorised provider \u2013 a collaboration that will work via Binance affiliate Brickhouse Trading Ltd.<\/p>\n<p dir=\"ltr\">According to Binance, customers will still access the same products as before.<\/p>\n<p dir=\"ltr\">\u201c<em>The type of products offered and related product specifications have not changed from Binance\u2019s previous Futures offering in South Africa. Only the manner in which the services are provided have changed. Users may still connect into the Binance platform and access the same market-leading liquidity,<\/em>\u201d the exchange\u2019s team wrote.<\/p>\n<\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/binance-restarts-crypto-futures-trading-in-south-africa\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Binance had ceased offering crypto derivative products to customers in South Africa in October 2021. The platform will now offer its crypto futures products via regulated platform FiveWest OTC Desk. Brickhouse Trading Limited, a member of Binance group of companies, will offer the [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":14015,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/14014"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=14014"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/14014\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/14015"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=14014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=14014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=14014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}