Binance Futures traders in the European Economic Area (EEA) must switch to using Binance Credits (BNFCR) for trading. Direct assets for USD-M or COIN-M markets will no longer be usable.
Affected Countries:
Austria, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, Greece, Hungary, Iceland, Ireland, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Norway, Poland, Portugal, Romania, Slovakia, and Slovenia.
How it affects me?
Only orders reducing open futures positions will be accepted until September 30th, 2024. If you choose not to upgrade your Binance account, Binance will close any remaining open futures positions after this date.
How to proceed?
Binance has launched Credits (BNFCR), allowing users in eligible regions to directly deposit supported crypto assets like BTC, ETH, and BNB as collateral for USDⓈ-margined futures. This mode runs with Cross Margin and Multi-Asset Mode by default.