![]() With Binance Futures, you can access up to 125x leverage on cryptocurrency futures products. It has recently launched its products to lure the breed of traders who want to hedge or speculate on a higher level. But now, they have introduced a futures contract on all the big trading pairs of crypto space.īinance exchange has been serving the cryptocurrency markets since 2017. No part of this publication may be reproduced without the prior written permission of BAX Securities Law.Binance futures exchange is a great platform for crypto trading.īinance is one of the most famous brands for cryptocurrency trading, specifically spot markets for beginners and institutional traders. BAX does not warrant or guarantee the accuracy or currency or completeness of the publication. No one should act on it or refrain from acting on it without consulting with a lawyer. This publication is not intended to constitute legal advice. They will also prohibit crypto trading platforms from permitting clients to purchase or deposit value-referenced crypto assets (commonly referred to as stable coins) and proprietary tokens without the prior written consent of the CSA.Īccording to the CSA Staff Notice 21-332, if a crypto trading platform fails to provide an enhanced pre-registration undertaking within the 30 day period, the CSA will take appropriate action including ordering off-boarding of existing Canadian users and imposing restrictions on Canadian users generally cease trading the crypto trading platforms as well as other penalties and sanctions as may be determined.ĬSA Staff Notice 21-332, Crypto Asset Trading Platforms: Pre-Registration Undertakings Changes to Enhance Canadian Investor Protection is available for download from the websites of CSA Members.įor more information, please call Barbara Hendrickson at BAX Securities Law (647) 403-4606. ![]() ![]() These pre-registration undertakings will include, among other things, enhanced expectations regarding the custody and segregation of crypto assets held on behalf of Canadian clients and a prohibition on offering margin, credit, or other forms of leverage to any Canadian client. The CSA expects all crypto trading platforms to adopt enhanced pre-registration undertakings, to continue operating in Canada while pursuing their applications for registration with Canadian securities regulators. Unregistered crypto trading platforms operating in Canada while pursuing applications for registration and related relief are expected to provide an enhanced pre-registration undertaking to their principal regulator within 30 days of its publication on February 22, 2022. Staff Notice 21-332 describes the enhanced investor protection the CSA expects from crypto trading platforms operating. Staff Notice 21-332 follows the CSA’s Decemupdate regarding crypto trading platforms. On February 22, 20233, the Canadian Securities Administrators ( CSA) published Staff Notice 21-332, Crypto Asset Trading Platforms: Pre-Registration Undertakings Changes to Enhance Canadian Investor Protection ( Staff Notice 21-332). ![]()
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