‘Binance has transactions in banned China market’

The transactions made China Binance’s biggest market by far, accounting for 20% of volume worldwide, excluding trades made by a subset of very large traders, the WSJ said. — Reuters

BEIJING: Binance users traded US$90bil (RM406bil) of cryptocurrency-related assets in a single month in China, where cryptocurrency trading has been illegal since 2021, says the Wall Street Journal (WSJ) citing internal figures and current and former employees of the exchange.

The transactions made China Binance’s biggest market by far, accounting for 20% of volume worldwide, excluding trades made by a subset of very large traders, the WSJ said.