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?
