Binance Announces the Relaunch of Crypto Futures in South Africa

Binance, the leading global blockchain services provider, announced that its Futures products are now available to eligible South African users.

From 2022-09-26 08:00 (UTC), USD-M and COIN-M perpetual and delivery Futures contracts will be available to South African users on Binance through a juristic representative arrangement with FiveWest OTC Desk (Pty) Ltd (FiveWest).

FiveWest is an authorized Financial Services Provider in terms of the Financial Advisory and Intermediary Services Act, 2002 with FSP no. 51619. Brickhouse Trading Ltd (Brickhouse) will offer derivative products to users in South Africa in its capacity as a juristic representative of FiveWest. Brickhouse is a member of the Binance group of companies.

The type of products offered and related product specifications have not changed from Binance's previous Futures offering in South Africa. Only the manner in which the services are provided have changed. Users may still connect into the Binance platform and access the same market-leading liquidity.