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Binance Futures Traders in EEA Must Switch To Using Binance Credits (BNFCR) For Trading
Eyad Tal avatar
Written by Eyad Tal
Updated over a week ago

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. Binance will close any remaining open Futures positions after this date if you choose not to upgrade your Binance account.

What to do?

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. Click here for a guide on how to upgrade your account to BNFCR.

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