diff --git a/pkgs/development/python-modules/python-binance/default.nix b/pkgs/development/python-modules/python-binance/default.nix
index cd1e09557ecb..f5cd9b29f520 100644
--- a/pkgs/development/python-modules/python-binance/default.nix
+++ b/pkgs/development/python-modules/python-binance/default.nix
@@ -14,14 +14,16 @@
 
 buildPythonPackage rec {
   pname = "python-binance";
-  version = "1.0.10";
+  version = "1.0.16";
+  format = "setuptools";
+
   disabled = pythonOlder "3.6";
 
   src = fetchFromGitHub {
     owner = "sammchardy";
     repo = pname;
-    rev = "v${version}";
-    sha256 = "09pq2blvky1ah4k8yc6zkp2g5nkn3awc52ad3lxvj6m33akfzxiv";
+    rev = "refs/tags/v${version}";
+    hash = "sha256-2v3qeykjQR/CUOC6F0Xomm49Q+wrYJS8vmL3+u6ew0M=";
   };
 
   propagatedBuildInputs = [
@@ -44,7 +46,9 @@ buildPythonPackage rec {
     "tests/test_historical_klines.py"
   ];
 
-  pythonImportsCheck = [ "binance" ];
+  pythonImportsCheck = [
+    "binance"
+  ];
 
   meta = with lib; {
     description = "Binance Exchange API python implementation for automated trading";