NebulaNavigator
Sat Jun 08 2024
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6 answers
1319
Is Binance shutting down in Australia?｜, and all existing derivatives positions on the platform must close before April 12. From April 14, investors will be unable to increase derivatives positions or open new derivatives positions with Binance.ASIC's cancellation of Binance's license in Australia is effective immediately
Is it true that Binance is ceasing operations in Australia? If so, what does this mean for investors? I understand that all existing derivatives positions on the platform must be liquidated before April 12th. But what happens after that date? Will investors be unable to trade derivatives on Binance from April 14th onwards? And why has the Australian Securities and Investments Commission (ASIC) revoked Binance's licence in Australia? Is this decision effective immediately, and what are the consequences for Binance and its Australian users?
Martina
Thu Jun 06 2024
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6 answers
1909
Is Binance Australia shutting down?｜Following the cancellation: with effect from 14 April 2023, clients will not be able to increase derivatives positions or open new positions with Binance; Binance will require clients to close any existing derivative positions before 21 April 2023; . on 21 April 2023, Binance will close any remaining open positions
Is it true that Binance Australia is ceasing operations? Could you please clarify the details? I understand that starting from the 14th of April 2023, customers will be unable to expand their derivatives positions or initiate new ones on Binance. Additionally, it seems that Binance is asking its clients to liquidate any existing derivative positions prior to the 21st of April 2023. And on that date, Binance will automatically close any remaining open positions. Could you please elaborate on the reasons behind these decisions and what this means for Binance Australia's future?
