Binance’s biggest market is China despite a crypto ban in the country: WSJ

users exchanged $90 billion in crypto assets in a single month in China, where crypto trading has been prohibited since 2021.The trading activity makes China Binance’s biggest market by far, contributing for 20% of the global trading volume, according to the Journal. It boasts of a 900,000-strong active user base in the country.

The Wall Street Journal said China has a $80.6 billion futures market and a $9.4 billion spot market for Binance. Next, the futures market in South Korea accounts for $56.9 billion; its spot market accounts for $1.39 billion. As far as the British Virgin Islands was concerned, futures and spot markets account for $5 billion and $12.82 billion respectively.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Binance cracks into the Japan market: Here’s why this is importantBinance Japan will reportedly list 34 cryptocurrencies that will be available to Japanese users. They will include some of the top digital assets such as Bitcoin, Ethereum, Dogecoin, and BNB.
Fuente: CryptoAmb - 🏆 22. / 68 Leer más »