Binance stops trading cryptocurrency derivatives in Australia

The largest cryptocurrency exchange Binance continues to impose restrictions on its customers. This time, the residents of Australia were not so lucky. The trading platform has warned that by December 23, 2021, it will roll back the ability to trade crypto derivatives from the territory of the country.

The company’s official blog says that traders have 90 days to close positions on options, futures and leveraged tokens.

Starting Friday, Sept. 24, Australian users will no longer be able to increase or open new positions in derivative products on Binance. And on December 23, all remaining open positions will be forcibly closed.