In line with regulatory requirements, Binance Bahrain B.S.C. (c) will become the entity that provides services for derivatives products for South African residents.
By doing this, Binance aims to ensure that it continues to comply with its regulatory obligations and can continue to provide services for derivatives products to South African clients.
South African derivatives users will need to register a new account with Binance Bahrain and accept the applicable Terms of Use. They will need to resubmit all required Know-your-Customer (KYC) documentation in order to comply with Bahrain regulatory requirements.
Binance Bahrain is able to provide crypto exchange and custodian services in line with its Licence by the Central Bank of Bahrain as a Category 4 Crypto-Asset Service Provider to operate a crypto-asset exchange.
