Major crypto exchange announces sweeping changes to comply with new EU regulations.
This means the end of copy trading in the EEA and a limitation to only three "authorized" stable tokens.
European
Binance users logging into their mobile app on Wednesday were greeted with an unsettling message indicating that certain services were no longer available in
their region. This sudden change comes as new cryptocurrency regulations on the
Old Continent officially take effect at the end of June.
Binance,
acting proactively, has already blocked access to some services, including copy
trading, starting from June 26.
Binance Users in Europe
Face Significant Restrictions
A year ago,
the European Union introduced the Markets in Crypto-assets (MiCA) regulation
package, governing the digital assets industry across Europe and within the
European Economic Area (EEA).
The MiCA regulations concerning stablecoins will significantly impact the products and services of European cryptocurrency exchanges effective June 30, 2024.
Binance,
the largest exchange by monthly transactions, was the first to implement these
restrictions, which will affect copy trading enthusiasts immediately starting
today (Wednesday).
Attempting to use copy trading in the EEA shows a service unavailable alert. Source: Binance
“Impacted
Lead Traders and Copy Traders are encouraged to close their positions in their
Copy Trading activities and transfer their funds back to their respective Spot
Wallets before 2024-06-27 23:59 (UTC +3),” the exchange commented a few weeks
ago.
After that
date, any remaining open positions will be automatically closed at market
price, and assets will be transferred to spot wallets.
Unauthorized Stablecoins
and Product Limitations
From June
30, Binance will also stop supporting various other important services if
they rely on "unregulated" stablecoins.
„Stablecoins
that are not regulated under MiCA, including USDT and others, will still be
available for trading on Binance on Spot, for deposit and withdrawal and in
your wallet, as normal. They will also be available to sell on Convert. Binance
will not be delisting these stablecoins,” the exchange commented in an email
sent to its European users last week.
Key
changes for EEA users include:
Restricted
buying of unauthorized stablecoins through Binance Convert
Limitations
on new borrowings and transfers of unauthorized stablecoins in margin trading
Blocking of
new subscriptions involving unauthorized stablecoins in products like Simple
Earn, Binance Loans, and Dual Investment
Restrictions
on peer-to-peer (P2P) trading and over-the-counter (OTC) purchases of
unauthorized stablecoins
Despite
these restrictions, Binance has stated that it will not delist any stablecoins
until further notice. Spot trading pairs with unauthorized stablecoins will
remain available, and users will still be able to withdraw or deposit these
tokens to their Binance wallets.
The
exchange is also making changes to its rewards and referral systems. Starting
June 24, referral commissions for spot and margin trading will be paid in BNB,
Binance's native token, instead of stablecoins.
Binance has
advised its European users to review their holdings and consider transitioning
to regulated stablecoins or other digital assets ahead of the June 30 deadline.
European
Binance users logging into their mobile app on Wednesday were greeted with an unsettling message indicating that certain services were no longer available in
their region. This sudden change comes as new cryptocurrency regulations on the
Old Continent officially take effect at the end of June.
Binance,
acting proactively, has already blocked access to some services, including copy
trading, starting from June 26.
Binance Users in Europe
Face Significant Restrictions
A year ago,
the European Union introduced the Markets in Crypto-assets (MiCA) regulation
package, governing the digital assets industry across Europe and within the
European Economic Area (EEA).
The MiCA regulations concerning stablecoins will significantly impact the products and services of European cryptocurrency exchanges effective June 30, 2024.
Binance,
the largest exchange by monthly transactions, was the first to implement these
restrictions, which will affect copy trading enthusiasts immediately starting
today (Wednesday).
Attempting to use copy trading in the EEA shows a service unavailable alert. Source: Binance
“Impacted
Lead Traders and Copy Traders are encouraged to close their positions in their
Copy Trading activities and transfer their funds back to their respective Spot
Wallets before 2024-06-27 23:59 (UTC +3),” the exchange commented a few weeks
ago.
After that
date, any remaining open positions will be automatically closed at market
price, and assets will be transferred to spot wallets.
Unauthorized Stablecoins
and Product Limitations
From June
30, Binance will also stop supporting various other important services if
they rely on "unregulated" stablecoins.
„Stablecoins
that are not regulated under MiCA, including USDT and others, will still be
available for trading on Binance on Spot, for deposit and withdrawal and in
your wallet, as normal. They will also be available to sell on Convert. Binance
will not be delisting these stablecoins,” the exchange commented in an email
sent to its European users last week.
Key
changes for EEA users include:
Restricted
buying of unauthorized stablecoins through Binance Convert
Limitations
on new borrowings and transfers of unauthorized stablecoins in margin trading
Blocking of
new subscriptions involving unauthorized stablecoins in products like Simple
Earn, Binance Loans, and Dual Investment
Restrictions
on peer-to-peer (P2P) trading and over-the-counter (OTC) purchases of
unauthorized stablecoins
Despite
these restrictions, Binance has stated that it will not delist any stablecoins
until further notice. Spot trading pairs with unauthorized stablecoins will
remain available, and users will still be able to withdraw or deposit these
tokens to their Binance wallets.
The
exchange is also making changes to its rewards and referral systems. Starting
June 24, referral commissions for spot and margin trading will be paid in BNB,
Binance's native token, instead of stablecoins.
Binance has
advised its European users to review their holdings and consider transitioning
to regulated stablecoins or other digital assets ahead of the June 30 deadline.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Colombia Gets Local Crypto Access Through Kraken Following Its MiCA Approval
Marketing in 2026 Audiences, Costs, and Smarter AI
Marketing in 2026 Audiences, Costs, and Smarter AI
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
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As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Educators, IBs, And Other Regional Growth Drivers
Educators, IBs, And Other Regional Growth Drivers
When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
The Leap to Everything App: Are Brokers There Yet?
The Leap to Everything App: Are Brokers There Yet?
As the arms race to bundle investing, personal finance, and wallets under super apps grows fiercer, brokers are caught between a rock and a hard place.
This session explores unexpected ways for industry players to collaborate as consumer habits evolve, competitors eye the traffic, and regulation becomes more nuanced.
Speakers:
-Laura McCracken,CEO | Advisory Board Member at Blackheath Advisors | The Payments Association
-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
-Simon Pelletier, Head of Product at Yuh
Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As the arms race to bundle investing, personal finance, and wallets under super apps grows fiercer, brokers are caught between a rock and a hard place.
This session explores unexpected ways for industry players to collaborate as consumer habits evolve, competitors eye the traffic, and regulation becomes more nuanced.
Speakers:
-Laura McCracken,CEO | Advisory Board Member at Blackheath Advisors | The Payments Association
-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
-Simon Pelletier, Head of Product at Yuh
Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Mind The Gap: Can Retail Investors Save the UK Stock Market?
Mind The Gap: Can Retail Investors Save the UK Stock Market?
As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
-What can brokers and fintechs do to spur UK investment?
-How can the FCA balance greater flexibility with consumer protection?
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Nicola Higgs, Partner at Latham & Watkins
-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
-What can brokers and fintechs do to spur UK investment?
-How can the FCA balance greater flexibility with consumer protection?
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Nicola Higgs, Partner at Latham & Watkins
-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
