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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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China still Binance's biggest market with $90 billion in volume despite crypto ban: WSJChina is still Binance's biggest market despite the country's crypto ban, with the exchange having over $90 billion in volume in May, the WSJ reported citing internal documents.
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