Two Futures Platforms Launched by Binance for Public Testing
By Tyler Smith – Crypto Investor
Two Binance Futures Testnet Platforms have been launched by the Maltese-based global crypto exchange, where users can participate in a 10,000 Binance Coin futures trading competition.
The two futures trading platforms are named Futures A and Futures B in testing mode. On September 2, Binance announced that customers can partake in a simulated trading competition before the official launch. A platform like this allows investors to expose themselves without having to buy Bitcoin and hold the asset.
Users can gain exposure to other coins as well without buying crypto and Binance could introduce more futures as popularity increases.
As per the announcement, the winners of the competition will be granted a total sum of 10,000 BNB, which is worth $216,000 at the time of writing. Participants will be provided with 100,000 Tether tokens (USDT) in simulated funds by Binance within the competition on both platforms. This means that every account will receive that amount without having to buy crypto for testing.
The participants will be ranked further based on the total USDT trading volume transacted, including the buys and the sells excluding wash trading. Along with this and in order to be eligible, the participants must be required to maintain the originally allocated 100,000 USDT in simulated funds at the end of the competition.
Binance is also inviting clients to take part in voting where the voters of the winning platform will be offered a 50% trading fee discount on the official Binance Futures Platform for an entire month. A great incentive for any looking to gain exposure to the price volatility without buying Bitcoin or crypto.
If you’re looking to get the physical asset and buy Bitcoin UK, then head on over to our platform where you can find a huge list of different cryptocurrencies.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards