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.
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Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
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Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
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In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
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Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
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Watch the whole talk to learn more about how Versus Trade works and where it is heading.
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#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
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:
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-Federico Paderni, Managing Director for Growth Markets in Europe at X
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-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
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Attendees will hear:
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-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?
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Speakers:
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-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
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-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
