Binance Launches Futures Trading In South Africa Through A Partnership With FiveWest
Binance Launches Futures Trading In South Africa Through A Partnership With FiveWest. The world’s leading blockchain and cryptocurrency infrastructure provider Binance has announced that it has launched its futures trading products in South Africa through its partnership with FiveWest.
The post read, “Binance has just launched its futures trading products to the South African market through a Partnership with FiveWest📈🪙This is a huge milestone for both the future of Cryptocurrencies in South Africa and FiveWest as a Financial Service Provider.” From 2022-09-26 08:00 (UTC), USDⓈ-M and COIN-M perpetual and delivery Futures contracts will be available to South African users on Binance through a juristic representative arrangement with FiveWest OTC Desk (Pty) Ltd (FiveWest).
FiveWest is an authorized Financial Services Provider in terms of the Financial Advisory and Intermediary Services Act, 2002 with FSP no. 51619. Brickhouse Trading Ltd (Brickhouse) will offer derivative products to users in South Africa in its capacity as a juristic representative of FiveWest. Brickhouse is a member of the Binance group of companies. Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users, and features an unmatched portfolio of crypto products and offerings, including: trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions.
The type of products offered and related product specifications have not changed from Binance’s previous Futures offering in South Africa. Only the manner in which the services are provided have changed. Users may still connect into the Binance platform and access the same market-leading liquidity.
