The ban, said an FCA spokesperson, only applies to Binance's English incorporation, Binance Markets Limited, which Binance has not registered with the FCA (despite plans to do so).
The spokesperson clarified that "UK consumers can continue to interact" with Binance Group, the wider, international collection of Binance companies that maintains no official headquarters. That means that Binance's customers in the UK can trade on Binance as normal—nothing changes.
This distinction is critical, and explains how Binance has continued to offer margin and derivatives trading to UK consumers despite the FCA's ban on crypto derivatives in January.
"As of now, Binance group is providing service to the UK customers. It is not from Binance Markets Limited," a customer support rep for Binance told Decrypt.
https://decrypt.co/74608/binance-not-permitted-to-operate-in-the-uk-british-financial-watchdog
