If you have been using the Binance exchange for trading other than on the spot market, e.g., for futures trading, we have bad news for you. Some time ago, the platform announced that it is withdrawing several different products, including futures trading for users from Poland. Margin trading using stablecoins as collateral is also being phased out. In practice, this means that starting tomorrow (May 16), leveraged trading will be severely restricted. What can you do now? What are your alternatives?
What is changing on Binance?
Binance has begun the process of shutting down leveraged trading services. This decision has a huge impact on Polish users.
First of all, perpetual and delivery contracts are disappearing. Although your current positions will be preserved and you will still be able to deposit collateral to avoid liquidation, opening new positions in futures will become impossible.
Another change is the blocking of margin loans secured by stablecoins. You will no longer be able to take out a new loan or increase your current ones. Although you can still use other cryptocurrencies as collateral, it is not as convenient.
Why? Stablecoins are stable. They do not lose value like altcoins. That is why they are used to protect positions. Without them, the risk increases because the value of collateral may collapse. As a result, Binance is almost completely removing the possibility of traditional leveraged trading. Only margin trading with leverage up to x10 remains.