Binance to Suspend Offering of Margin Trading with GBP, EUR and AUD Pairs

The largest crypto exchange Binance announced on Monday it would cease offering crypto margin trading against pound, euro and Aussie dollar.

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“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,” Binance stated.

Furthermore, the crypto exchange plans to suspend margin borrowing for bitcoin, ether and other large cryptocurrencies on August 10, and settle and cancel all pending orders on August 12, then delist the pairs in the end.

Binance’ s decision of curbing services follows it being warned by worldwide regulators due to its unauthorization. And a wealth of firms have suspended payments to Binance.