Binance on Thursday, March 13, officially rolled out a suite of advanced derivative trading products for its users in Kazakhstan, marking a notable upgrade for the country’s crypto trading community.
The new features, designed to enhance trading efficiency, risk management, and profitability for novice and experienced traders, include Binance Options, Futures Copy Trading, Easy Futures, and BFUSD (Reward-Bearing Margin Asset).
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A game-changer for Kazakhstan’s crypto market
The introduction of these products aligns with the country’s global markets, which already benefit from such advanced trading options.
“This is a major step forward for Kazakhstan’s crypto ecosystem,” said a Binance spokesperson. “By providing these tools, we’re empowering traders to optimise their strategies and manage risks more effectively.”
This expansion underscores the world’s leading cryptocurrency exchange’s commitment to the region. Last year, the company acquired a full Digital Asset Trading Facility (DATF) licence from the Astana Financial Services Authority (AFSA), which allows it to operate legally as a trading platform, custodian, and broker-dealer for crypto assets.
“Kazakhstan is a key market for us, and we’re excited to bring these innovative tools to local traders,” the spokesperson added. The move is expected to attract more users to the platform, further solidifying their position as a leader in the global crypto space.
The launch is seen as a milestone for Kazakhstan’s crypto community, offering traders access to cutting-edge tools that were previously unavailable. As one local trader put it, “This is a game-changer. We now have the same opportunities as traders in other parts of the world.”
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What the new features will offer
With these new features, Binance is enhancing the trading experience and promoting a more dynamic and competitive crypto market in Kazakhstan.
However, Binance Options, for instance, allows traders to buy or sell assets at predetermined prices, offering built-in downside protection to limit losses.
Futures Copy Trading, on the other hand, enables users to replicate seasoned traders’ strategies, while Easy Futures simplifies the trading process with a one-click placement mode. BFUSD, a unique reward-bearing asset, not only serves as collateral for future trades but also incentivises holders with USDT rewards.
The introduction of these advanced trading tools is a testament to the crypto firm’s dedication to innovation and its efforts to support the growth of the crypto ecosystem in the region.