Binance, the provider of blockchain infrastructure and cryptocurrency services, has successfully launched its suite of futures products in Bahrain. This launch was made possible following the regulatory approval to offer these futures products to eligible local users. The newly established Binance Bahrain BSC has become the inaugural regulated exchange in the region to provide such services, holding the exclusive CAT4 license for this purpose.
The introduction of these futures products follows an extensive period of regulatory assessment and consultations. These measures were taken to ensure that Binance Bahrain BSC, the operator of the regulated Binance Bahrain platform, is fully compliant with governance requirements, thereby allowing the offering of local futures products within a regulated framework.
To gain access to these products, eligible local users are required to complete a mandatory suitability assessment questionnaire, which must be successfully cleared.
Binance’s futures products are widely utilized by users across the globe for purposes such as hedging and securing liquidity. The benefits include minimal slippage, highly competitive pricing, and Binance’s well-established leadership in global digital asset markets, evident in both spot and futures trading volumes, as well as order book depth.
Tameem Al-Moosawi, General Manager of Binance Bahrain, expressed his satisfaction, stating, “We are excited to provide our users with crypto futures trading options that fulfill the demand for liquidity-related products. We extend our gratitude to the Central Bank of Bahrain for their consultative approach, enabling us to introduce these products in a compliant manner. Binance’s unwavering commitment to compliance and user satisfaction drives our mission to cultivate a sustainable local digital assets ecosystem for the long term.”
