Bitcoin

China remains Binance’s primary market despite its crypto ban in 2021. According to internal documents cited by WSJ, the crypto exchange recorded over $90 billion in trading volume from China in May.Binance, a major crypto exchange, continues to dominate the Chinese market, even after the country’s crypto ban. In May, it saw <a href="https://cryptosheadlines.com/pepe-pepe-spot-trading-volume-surges-over-2-7-billion/" rel="noopener noreferrer nofollow">trading volumes exceeding $90 billion</a> from China alone, as <a href="https://www.wsj.com/articles/crypto-is-illegal-in-china-binance-does-90-billion-of-business-there-anyway-2a0af975?mod&#61;e2tw" rel="noopener noreferrer nofollow">reported by the Wall Street Journal</a>. The bulk of this volume came from <a href="https://cryptosheadlines.com/binance-introduces-20x-leverage-for-trading-futures-of-this-altcoin/" rel="noopener noreferrer nofollow">futures trading</a>.Based on data from Binance’s internal platform “Mission Control,” the exchange’s combined spot and bitcoin futures trading volume in May surpassed a staggering $670 billion. After China, other significant markets for <a href="https://cryptosheadlines.com/south-korea-proposes-fund-freezing-system-for-binance-and-major-crypto-exchanges/" rel="noopener noreferrer nofollow">Binance include South Korea</a>, Turkey, and Vietnam, as mentioned in the WSJ report. <a href="https://cryptosheadlines.com/china-tops-90b-monthly-volume-on-binance-despite-crypto-ban-wsj/" rel="noopener noreferrer nofollow">Read More...</a>Join Cryptos Headlines <a href="https://linktr.ee/cryptosheadlines.com" rel="noopener noreferrer nofollow">Community</a>Follow Cryptos Headlines on <a href="https://news.google.com/publications/CAAqBwgKMLz3-wowvuzoAg" rel="noopener noreferrer nofollow">Google News</a> and <a href="https://www.threads.net/&#64;cryptosheadlines" rel="noopener noreferrer nofollow">Threads App</a>

China Tops $90B Monthly Volume on Binance Despite Crypto Ban: WSJ

CryptosHeadlines.com

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