Binance Closes Futures Trading In Europe - Blockbulletin

Bitcoin price has tumbled to a multi-month low below $33,000, as the leading cryptocurrency loses 50% of its value from its all-time high in November 2021. This marks the second-worst sell-off since the bear market that spanned from 2018 to 2020.

or included reduceOnly='true' like sloth456 mentioned above because your orders likely to be misunderstood as new long/short order, in that case I recommend you to look for cancel futures orders function in the wrapper to clear out all stop loss order after the price hit take profit.

or included reduceOnly='true' like sloth456 mentioned above because your orders likely to be misunderstood as new long/short order, in that case I recommend you to look for cancel futures orders function in the wrapper to clear out all stop loss order after the price hit take profit.



Watching 6 o'clock news and Bombarded with bet fair, bet 365, Ladbrokes ads every 120 seconds is hunky dory. This is more bullshit from my country. Taking finances into my own hands, bwammmm, binance ban hammer.

Why can't you just closeposition=true on a market order with no stop loss, you can close the position on the app no issues you don't need to place a reverse trade. binance api is a joke. its ridiculous to not have an easy kickout mechanism.

Hackers exploited the "deposit" function to steal cryptocurrencies from Qubit Finance. Ethereum-BSC bridge of Qubit Finance suffered a hack to the tune of $80 million in the largest DeFi exploit of 2022.

The government even warned all their citizens and residents who have invested in futures, options & leveraged tokens to close their position within 90 days. Binance announced this instruction on September 20, 2021.

TBH Binance not offering 100x leverage on shitcoins like Small Love Potion etc is not a loss to Australia or any other jurisdiction. CZ and his bullshit gambling products de-legitimise positive advances in the crypto space.

It reveals that Binance has decided to close the option to trade based on futures contracts with immediate effect. This means that there will be no possibility of making new trades for both current and new users. It looks different with regard to the already open positions. The exchange announced the decision in a statement on July 30. These, in turn, will have to be closed within 90 days of the date that the exchange is expected to announce soon.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.

That's the difference, bitcoin banks complying with banking regulations should come as a surprise to no one, and crypto centered businesses like Binance should comply with regulations where they need to if they want banks to do business with them.

its ridiculous to not have an easy kickout mechanism. Why can't you just closeposition=true on a market order with no stop loss, you can close the position on the app no issues you don't need to place a reverse trade. binance api is a joke.

Many regulators are copying the actions of others. Consequently, this may result in the expansion of the scope of changes on Binance to other countries. An example of this is the Polish Financial Supervision Authority, which in issuing a warning on the exchange clearly admits that it is not based on its own research, but refers to authorities from other countries that see some irregularities in their assessment. Especially when it comes to trading based on futures contracts. It is speculated in the crypto space that the current restrictions on Binance are just the beginning.

Further changes on the most popular exchange in terms of turnover, are the aftermath of the events that have been taking place around it over the past few months. The British financial regulator has indicated that the company does not have permission to provide derivatives trading capabilities. Considering only the European countries, it is worth noting that Binance has come under fire from many local regulators. The German side, in turn, had doubts about the tokenized stock offering, which Binance took out of trading shortly after. The Italian regulator expressed itself similarly.

To close a short order worth 1 BTC you would need the following code: Binance.futures_create_order(symbol=self.symbol, side='BUY', type='MARKET', quantity=1, reduceOnly='true') I added reduceOnly parameter to prevent a BUY order being placed if there is no short position already in Binance. To close this you must place a long order of 1 BTC. Alternatively you may also try setting a STOP_MARKET order which would close the position once a particular price has been crossed. This does not require a quantity to be specified if you use the 'closePosition' parameter. Also, since you are using a MARKET order you must also specify the quantity. The issue in your code is that you have specified closePosition parameter on a MARKET order, closePosition is only used with STOP_MARKET or TAKE_PROFIT_MARKET. Hi @chaudoe If for example you have a short order worth 1 BTC. For example Binance.futures_create_order(symbol=self.symbol, side=BUY, type='STOP_MARKET', stopPrice=stop_price, closePosition='true') That last example is untested, but I believe it should work. If you do not know the exact quantity of the original position, you can also close the order by using an inflated value for quantity, for binance BTCUSDT you could use a value of 100 to close any shorts with a value below that.