Binance Launches New Crypto Derivative Trading Products for Kazakhstan Users
The Kazakhstan arm of Binance has announced the launch of new crypto derivative trading products for users in the country. As part of its efforts to enhance users trading experience, Binance Kazakhstan has launched multiple crypto derivative products. The exchange made this known in a recent announcement where it unveiled the derivative products and tools. New Derivative Products Launched for Kazakhstan Users The products include Binance Options, Futures Copy Trading, Easy Futures, and BFUSD. These trading tools went live on Binance Kazakhstan on March 13 at 15:00 (UTC+5). These trading products are already available in most jurisdictions where Binance operates. However, the worlds largest crypto exchange has now expanded the offering to its Kazakhstan arm to enhance users trading experience in the country. The Binance Options represent financial contracts that give users the right to buy and sell an underlying asset at a given price before a specific date. This tool is equipped with a downside risk to help traders to limit potential losses. The copy futures trading tool allows eligible users to copy the trading strategies of experienced traders in real-time automatically. Notably, the easy future mode provides Binance users with a one-click placement mode for trading futures. Lastly, BFUSD is a reward-bearing margin asset Binance designed for futures traders. It functions as collateral for trades and also offers holders rewards in USDT. Additional rewards are distributed to users who actively trade USD-M Futures using BFUSD as collateral. Eligible users can access these derivative products and tools directly on the Binance Kazakhstan platform. Binance Licensed in Kazakhstan It is noteworthy that Kazakhstan is one of the countries where Binance is licensed to operate. Last year, it secured a complete Digital Asset Trading Facility (DATF) license from the countrys Astana Financial Services Authority (AFSA). This license allows Binance to operate a trading platform, provide custody services, and act as a broker-dealer for crypto assets within Kazakhstan.
Text source: The Crypto Basic
