MultiversX Tracker is Live!

Has anyone completed Binance UK Investor Notice ???

Binance

Cryptocoins Exchanges / Binance 756 Views

So they give you 4 options and you have to choose one. But from what I know, if you choose the first 'None of the above' then your futures and margin features will be blocked, and only Spot trading will work, is that correct???

This whole thing is a bit confusing, frankly. Can anyone chime in?

[ 1. None of the categories below ] Note: this will apply to most customers

[ 2. High net worth entity ] One of the following: a. a body corporate which has, or which is a member of the same group as an undertaking which has, called-up share capital or net assets of at least: 1. £500,000, if the body corporate has, or is a subsidiary undertaking of an undertaking which has, more than 20 members; or 2. in all other cases, £5 million; b. an unincorporated association or partnership with net assets of at least £5 million; c. a trust where the aggregate value of the cash and investments which forms part of the trust’s assets (before deducting any liabilities): 1. is £10 million or more; or 2. has been £10 million or more at any time during the previous 12 months; or d. a person acting the capacity of a director, officer or employee of an entity falling within a., b., or c. above, where such person’s responsibilities when acting in that capacity involve them in engaging in the investment activities of such entity.

[ 3. Investment professional ] One of the following: a. a person authorised by the Financial Conduct Authority (“FCA”) or the Prudential Regulation Authority (“PRA”) to carry on FCA-regulated activities; b. a person who is exempt from the general prohibition on undertaking FCA-regulated activities without being authorised by the PRA/FCA to do so (such as specified central banks, recognised investment exchanges and clearing houses, and appointed representatives of PRA/FCA-regulated persons) where such person’s investment activities with Binance relate to an FCA-regulated activity in relation to which the person is exempt; c. a person whose ordinary activities involve them in carrying on an FCA-regulated activity to which their investment activities with Binance relate for the purpose of a business carried on by them; d. a government, local authority (whether in the United Kingdom or elsewhere) or an international organisation; or e. a director, officer or employee of an entity falling within any of a. to d. above, where such person’s responsibilities when engaging in investment activities with Binance involve them in the carrying on by such entity of FCA-regulated activities.

[ 4. Previous overseas customer ] a. A person who has engaged in investment activity with Binance in the previous 12 months where, at the time of such investment activity, the person was neither resident in the United Kingdom nor had a place of business there.




Any advice? Which one to choose? I want to keep my futures and margin trading features active.

Cheers

submitted by /u/FINDTHESUN
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.



Comments