In October 2022, the European Commission passed the Markets in Crypto Assets Regulation (MiCA), which consists of several bills each aimed to regulate certain areas of the cryptocurrency ecosystem.
In June 2024, following the MiCA requirements, Binance has disabled the use of stablecoins on futures markets for the EU users, and introduced Binance Futures Credits (BNFCR tokens) as a replacement. The BNFCR is Binance's intertal token that is pegged to USD similar to traditional stablecoins, except that it is meant specifically for Binance’s Futures trading.
To use Profitage trading bots with EU Binance accounts, you need to acquire BNFCR by swapping BTC, ETH or BNB directly on your Binance’s Futures wallet.
Here’s a step-by-step guide how to do it:
Go to your Futures wallet, find the Transfer button and click it, then choose
Select the amount and click Confirm
In the bottom of the Futures wallet page, you should see the Assets list with BNFCR token in it. Find the Swap button and click it, then choose
Select the amount and click Confirm
If you have any questions, ask them in @profitage_support_bot. Our support team operates 24/7 and is ready to assist you and to clear all your doubts and fears ❤️