Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Currently, there are 269 trading pairs available on the exchange. None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. Binance (Futures) is a derivative cryptocurrency exchange established in 2019. Affiliates Become a Binance Futures Affliate and earn up to 40 on trading fees. As Binance.US continues to adjust its operations amidst these challenges, the future of crypto trading, especially about USD withdrawals, remains to be seen. Binance Futures Highlights Binance Futures constantly innovates to offer a wide range of services. The shifting landscape of the crypto industry, marked by regulatory challenges and the push for adaptation, has made it imperative for users to stay abreast of the developments. Of the 150 crypto assets Binance.US supports, only BTC, ETH, ADA, BNB, LTC, MATIC, SOL, VET, USDC, and USDT will remain tradable against the U.S. In tandem with these developments, Binance.US also plans to remove most of its “USD Advanced Trading pairs” from the platform. The statement read, “Although USD withdrawal remains fully functional on our platform today, we foresee our banking partners discontinuing this service shortly.” Transitioning to a Crypto-only ExchangeĪs it navigates these uncertain waters, Binance.US encourages its users to “utilize, withdraw, or convert your USD to a stablecoin to continue crypto-to-crypto trading.” This advice comes as the platform shifts towards becoming a crypto-only exchange.įurthermore, the announcement emphasized that any remaining USD balances in customer accounts might be converted into Tether – and not Binance’s BUSD – at an unspecified future date. Last Monday, the Securities and Exchange Commission filed a 136-page complaint against Binance and its founder, Changpeng Zhao, alleging the exchange had purposefully evaded U.S. Binance futures are crypto futures that enable traders to trade digital currencies without actually possessing the underlying assets. Yet, it also injected a note of caution into the optimistic announcement, indicating that this relief might not be long-lasting. It urged customers who had experienced unsuccessful withdrawal attempts to resubmit their requests. In its latest communication, Binance.US reiterated its operational capacity. However, this event has not transpired to date. A futures contract is an agreement to buy or sell a commodity, currency, or another instrument at a predetermined price at a specified time in the future. Concurrently, the exchange also warned that its banking partners could suspend fiat withdrawal channels as early as June 13th.
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