SYDNEY and NEW SOUTH WALES, Australia, July 21, 2022 /PRNewswire/ Binance Australia Derivatives has launched over-the-counter (OTC) derivative products, with crypto contract for differences (CFDs) now available for wholesale Australian customers under an Australian Financial Services Licence. The launch of these financial products included a significant period of compliance and governance related processes and activities. Led by the local Australian team, the operation to secure the licence was also supported by the global Binance business. Binance Australia's commitment to working with local Australian regulators is strengthened by the news of obtaining this licence, having recently submitted a consultation paper to the Treasury providing recommendations on licensing and custody requirements for crypto exchanges. Leigh Travers, Director of Binance Australia Derivatives said, "Launching crypto derivatives under an AFSL delivers on our core strategy of becoming a regulated in