Breaking: Binance Margin to Delist AUD, EUR, and GBP Trading Pairs

Binance, the world’s largest crypto exchange by trading volume has announced it would delist margin trading pairs of Australian Dollar (AUD), Euro (EUR), and Sterling Pound (GBP). The crypto exchange would suspend mentioned fiat trading pairs on 10th August and later move to automatic settlement, followed by the cancelation of all pending orders, and then delisting by 12th August, as per the company’s official announcement.

The decision to delist margin trading pairs for AUD, EUR, and GBP is believed to be a regulatory measure taken by the crypto exchange in response to the regulatory backlash in Europe, UK, and Australia. The exchange also added a warning at the end of the announcement claiming margin trading is a risky affair that could lead to significant profits as well as losses.

Margin Trading carries a substantial risk and the possibility of both significant profits and losses. Past gains are not indicative of future returns. All of your margin balance may be liquidated in the event of extreme price movement

The crypto exchange has faced regulatory backlash from 10 nations over the past month, where regulators have expressed two major concerns about the crypto exchange, the lack of headquarters and very high leverage trading options. Binance is known for offering the highest leverage trading pairs in the crypto market, with some trading pairs giving 125X leverage options.

Binance Starts Working to Mend Regulatory Risks

The crypto exchange is a market leader both in spot trading as well as derivatives trading. High leverage options on the platform have made it a favorite for derivative traders but have proven to be a headache for regulators because of the high risks. Looking at the brewing regulatory troubles for the exchange, Binance CEO Changpeng Zhao announced the exchange would limit the leverage to 20X for new users and extend it for existing users over the next few weeks.

Read the article:  Price analysis 10/20: BTC, ETH, BNB, ADA, XRP, SOL, DOT, DOGE, LUNA, UNI

 

Every trader who trades cryptocurrency on the Binance exchange wants to know about the upcoming pumping in the value of coins in order to make huge profits in a short period of time.
This article contains instructions on how to find out when and which coin will participate in the next “Pump”. Every day, the community on Telegram channel Crypto Pump Signals for Binance publishes 1-2 free signals about the upcoming “Pump” and reports on successful “Pumps” which have been successfully completed by the organizers of the VIP community.
These trading signals help earn from 20% to 150% profit in just a few hours after purchasing the coins published on the Telegram channel “Crypto Pump Signals for Binance”. Are you already making a profit using these trading signals? If not, then try it! We wish you good luck in trading cryptocurrency and wish to receive the same profit as VIP users of the Crypto Pump Signals for Binance channel. Examples can be seen on this page!
John Lesley/ author of the article

John Lesley is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.

Leave a Reply