The Binance Kazakhstan cryptocurrency exchange has announced the launch of crypto futures. The company emphasized that the expansion of its product line became possible after it obtained a full regulatory license from the Astana Financial Services Authority (AFSA) in 2024.
Following multiple examinations and consultations, Kazakhstan’s regulatory bodies determined that Binance Kazakhstan meets all the compliance and management-related requirements, authorizing the exchange to trade futures on a regulated basis.
«We are pleased to be able to offer crypto futures to our users and meet market demand for liquidity products. We want to take the opportunity to express our gratitude to the Astana Financial Services Authority for their consultation, which has allowed us to bring to market these products in a regulated manner. Binance is committed to compliance and its users, and we are focused on building the local digital assets ecosystem that is sustainable for the long-term,» said Nurkhat Kushimov, general manager at Binance Kazakhstan.
The company told Kursiv.media that Binance users in Kazakhstan will gain access to USD-margined futures (denominated in the USDT or USDC stablecoins) and Coin-margined futures (denominated in an underlying cryptocurrency). However, which cryptocurrencies are specifically considered as underlying ones were not disclosed
Binance Coin-margined futures contracts are denominated and settled in the underlying cryptocurrency, removing the need for stablecoins as collateral. Each contract features a multiplier that represents its value — each Bitcoin (BTC) futures contract represents $100, while each Ethereum (ETH) futures contract represents $10. In terms of expiration, these futures contracts can be perpetual, quarterly or bi-quarterly.
The USD-margined futures contracts are denominated and settled in USDT or USDC. They may be perpetual or expire quarterly.
Kazakhstan permits cryptocurrency exchanges to operate exclusively within the framework of the Astana International Financial Centre (AIFC). Binance secured the necessary license in September 2022. The company’s office in Kazakhstan identified the launch of a local exchange as a key objective.
On June 21, 2023, Binance launched its local cryptocurrency trading platform within the AIFC. In October 2024, the AIFC granted Binance a full regulatory license, enabling the company to operate the platform for cryptocurrency trading and exchange, serve as a broker-dealer and offer custody services for digital assets in Kazakhstan.
