Exchange News

Binance Bahrain Takes Over Derivatives For South African Users

Published by

Binance Bahrain B.S.C. has been appointed the new provider of derivatives products to South African residents, aligning with necessary regulatory frameworks. This transition allows Binance, one of the top crypto exchanges in South Africa to maintain compliance with the requirements enforced by the Central Bank of Bahrain and South African financial authorities.

Advertisement

Binance Bahrain Takes Over Derivatives For South Africans

In a recent press statement, Binance Bahrain announced its new role as the provider of derivatives trading to South African residents. This development comes as Binance seeks to align its operations with the evolving regulatory landscape. 

As part of this change, the country’s derivatives users must set up new accounts with Binance Bahrain. Concurrently, the users must accept the newly applicable Terms of Use. Furthermore, they must resubmit all necessary Know-Your-Customer (KYC) documentation to meet the Bahrain regulatory standards. 

This move ensures that Binance continues to offer its services within the legal frameworks, promoting a secure trading environment.

In addition, the acquisition of the role of providing derivatives services is a strategic enhancement of the exchange service offerings. Licensed by the Central Bank of Bahrain as a Category 4 Crypto-Asset Service Provider, Binance Bahrain is equipped to operate a crypto-asset exchange, which includes crypto exchange and custodian services. 

This licensing allows clients continued, uninterrupted services that adhere to Bahraini and South African regulatory requirements.

Advertisement

Future Prospects and Regulatory Stability

This move, additionally, positions the company to expand its regional operational stability. The transition means that users can expect continued services with improved security and compliance measures. 

Moreover, this adjustment aligns with Binance’s global strategy to fortify its regulatory standing despite facing significant regulatory challenges. Meanwhile, the trial of Binance executive Tigran Gambaryan will begin later today in Nigeria.

The upcoming court session for Gambaryan coincides with the latest developments in the Binance vs SEC case. This case is witnessing significant changes, including the withdrawal of 10 attorneys representing Changpeng ‘CZ’ Zhao and his impending release from a halfway house.

Advertisement

Share
Ronny Mugendi

Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.

Published by

Recent Posts

  • Bitcoin News

Peter Brandt Flips Bullish on Bitcoin, Ethereum, XRP, and XLM

Veteran trader Peter Brandt is now bullish on Bitcoin, Ethereum, XRP, and XLM after earlier…

October 12, 2025
  • 24/7 Cryptocurrency News

Binance to Compensate Users After Ethena’s USDe Depeg During Crypto Market Crash

Binance said it will compensate users affected by Friday night’s massive crypto selloff that caused…

October 11, 2025
  • 24/7 Cryptocurrency News

Tom Lee’s Fundstrat Predicts Ethereum Rally to $5,500 Following ETH ‘Bottom’

Fundstrat's analyst Mark Newton is doubling down on their Ethereum prediction of a rally above…

October 11, 2025
  • Bitcoin News

Is the Bitcoin Top In? Raoul Pal Signals Higher Liquidity Cycle Despite Market Selloff

Raoul Pal, the founder of Real Vision, has reaffirmed his bullish stance on the crypto…

October 11, 2025
  • 24/7 Cryptocurrency News

Expert Says XRP ETF Approval Is ‘Getting Close’ As Issuers File Amendments

XRP ETF issuers have filed amendments for their respective registration statements, providing optimism even as…

October 11, 2025
  • 24/7 Cryptocurrency News

Hyperliquid DEX Outperforms Top Crypto Exchanges Coinbase, Binance, Robinhood With Zero Downtime

Today's crypto market crash triggered major congestion at some of the top centralized exchanges like…

October 11, 2025