Binance Australia Derivatives ordered to pay $10 million penalty for onboarding failures causing millions in client trading losses

26-055MR

civil penalty27 Mar 2026Penalty $10.00M

Respondent

Oztures Trading Pty Ltd

Facts

The Federal Court has ordered Oztures Trading Pty Ltd (trading as Binance Australia Derivatives) (Binance) to pay a $10 million pecuniary penalty after misclassifying more than 85% of its Australian client base over a nine-month period, resulting in more than $12 million in losses and fees.

Outcome

ASIC civil penalty of $10,000,000 — Oztures Trading Pty Ltd (2026-03-27). See the ASIC source for the full terms.

What does this action mean for your compliance program?Hand this question to the Rules Mate AI advisor — it is already written for you. Cited answers from the live obligation, regulator and enforcement corpus.Ask the AI advisor

Read the source

https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2026-releases/26-055mr-binance-australia-derivatives-ordered-to-pay-10-million-penalty-for-onboarding-failures-causing-millions-in-client-trading-losses

Rules Mate links to the regulator's own publication. We do not republish full decision text. Always verify the latest status against the source before acting.