Share this article
Binance Ends Various Offerings to Clients in South Africa
Clients in South Africa are no longer able to open new accounts for futures, options, margins or leveraged tokens.
Updated May 11, 2023, 6:01 p.m. Published Oct 8, 2021, 9:35 a.m.
Make us preferred on Google
Binance, the world’s largest cryptocurrency exchange, took another step in refining its product offerings in different markets around the world, this time in South Africa.
- Clients in the country are no longer able to open new accounts for futures, options, margins or leveraged tokens, Binance announced Friday.
- Users have 90 days to close existing positions, with all remaining open positions automatically closed on Jan. 6, 2022.
- The move continues Binance’s withdrawal of such services from various markets around the world in response to intense regulatory pressures earlier this year.
- The exchange ended its derivatives offering to Australian crypto traders last month.
Read more: Binance Registers 3 More Firms in Ireland as Crypto Regulation Heats Up
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
More For You
Accelerating Convergence Between Traditional and On-Chain Finance in 2026?
Commissioned bySociete Generale-FORGE
More For You
Sharplink's Lubin and Chalom make their case for ether DATs as prices plunge
At a panel discussion at Consensus Hong Kong 2026 featuring Sharplink Gaming Chairman Joe Lubin and CEO Joseph Chalom, the two executives outlined how digital asset treasuries are evolving into a distinct institutional strategy.
What to know:
- As institutional adoption of digital assets matures, a new corporate playbook is emerging: treat ether not just as an investment, but as productive financial infrastructure.
- At a panel discussion at Consensus Hong Kong 2026 featuring Sharplink Gaming (SBET) Chairman Joe Lubin and CEO Joseph Chalom, the two executives outlined how DATs are evolving into a distinct institutional strategy.
Top Stories
