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Binance Reduces Client Withdrawals
For some categories of users, Binance will change the withdrawal limits.
Jul 28, 2021
2 min read
Anna BakkerNews analyzer

On July 27, the largest cryptocurrency exchange Binance made changes to the withdrawal rules. Now the maximum amount of funds for withdrawal is 0.06 BTC per day. however, the new restrictions apply only to clients with a basic level of verification. Before that, the limit was 2 BTC.

This decision is explained by the tightening of the requirements of financial regulations in many countries. Since the beginning of this year, Binance has faced pressure from regulators around the world for its unregulated business.

Also recently, the exchange lowered the leverage for trading in futures from 1:125 to 1:20.

It looks like Binance wants to comply with regulatory requirements and is looking to expand its business globally.
It is planned to establish regional offices of the company around the world. This approach is expected to ensure the crypto exchange is approved by local authorities.

Cryptocurrencies are better suited for investing, and the Forex market is the most convenient for trading with our reliable brokers.

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