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China is Binance's biggest market despite crypto trading ban: report

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China is Binance's biggest market despite its ban on cryptocurrency trading, report says

Regulatory pressure became so intense that the embattled firm even considered shutting down its American operations entirely,However, Binance's prospects appear rosier in China – even though cryptocurrencies are illegal there.

Yet this doesn't appear to have deterred traders from using Binance through VPNs and foreign residency cards,According to documents obtained by the Journal, Chinese users traded crypto assets worth $90 billion in May this year, making it Binance's largest market by far.

 

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