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Binance claim

If you traded on Binance from 2019 onwards, you may have a potential legal case against the exchange.

Fill in the form below to express your interest in the potential claim and find out more information.

Register your interest

From 2019, Binance offered UK consumers the ability to invest in and trade:

  • Binance Leveraged Tokens
  • Binance Cryptocurrency Futures Contracts
  • Binance Cryptocurrency Options.

In 2021, the Financial Conduct Authority (FCA) restricted Binance from undertaking regulated activities in the UK, raising legitimate concerns about how these products were advertised and sold.

KP Law is currently investigating a potential legal claim against Binance on behalf of UK investors. 

What happened at Binance?

  • Binance offered complex crypto derivative products including Futures Contracts, Leveraged Tokens and Options to UK consumers through its online trading platform, when it was not authorised to do so.
  • Binance continued to offer these products to UK consumers even after the sale of crypto derivative products was banned on 6 January 2021.

These products were inappropriately sold to UK investors who were not made fully aware of the risks involved.

In response, KP Law is gathering information to better understand whether group legal action would be appropriate to hold Binance to account for their actions.

register your interest

Could you have been affected?

As part of KP Law’s investigation into this matter, we are looking to engage with people who fit the below criteria:

  • You traded on Binance at some point from 2019 onwards
  • You have traded Futures Contracts, Leveraged Tokens or Options 
  • You were based in the UK at the time of trading these products.

Your questions answered

Here are some of the questions our clients have asked our expert lawyers about making a Binance compensation claim.

Binance acted without the necessary authority to offer crypto derivative products to UK consumers. It is our belief that investors can recover for losses they may have suffered by investing in or trading these products.

KP Law is currently investigating this potential claim. You may be eligible if you were in the UK while trading the following on Binance:

  1. Binance Leveraged Tokens (UP Tokens/DOWN Tokens).
  2. Binance Cryptocurrency Futures Contracts.
  3. Binance Cryptocurrency Options.

Register with us and we will assess your case. Registering your interest is straightforward and there are no obligations to proceed at this stage.

We are currently assessing the viability of this group action claim. Once we have determined the merits of this action, we will be in touch with more information.