Binance Introduces Dedicated Domain for UK Users

Ahead of the implementation of the UK’s newly updated
Financial Promotions Regime, Binance has unveiled a dedicated domain for its
users in the UK. The crypto exchange has partnered with Rebuildingsociety.com
Limited, a Financial Conduct Authority (FCA) regulated firm authorized to
approve crypto marketing and communications materials.

According to a statement published by the company, this
partnership and the unveiling of the new domain, www.binance.com/en-GB, is a
significant step forward for Binance to adhere to the new regulations in the
UK.

This domain will offer services that align with the updated
regulations. These services include fiat and crypto deposits and withdrawals,
spot trading, margin trading, NFT marketplace access, Binance Pay, crypto
loans, and the launchpad.

UK update https://t.co/7ET9J6KTj4

— CZ 🔶 Binance (@cz_binance) October 6, 2023

However, as Binance aligns itself with the new financial rules
in the UK, certain services previously available will no longer be accessible
to the UK’s retail users starting from October 8, 2023. These exclusions
include gift cards, access to Binance Academy, research resources, feed
features, and referral bonuses.

However, these adjustments primarily affect retail users in
the UK, as the new Financial Promotions Regime provides exemptions for certain
institutional and professional investors.

Notably, Binance’s current focus on the UK market follows
previous difficulties with the FCA. The exchange
Exchange

An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv

An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported…