Binance, Exchanges

Is Binance Available in China?

Binance, the world’s largest cryptocurrency exchange by trading volume, is not currently available in China. However, that could soon change as the exchange is reportedly planning to launch a new Chinese-focused platform.

Binance was founded in 2017 and quickly rose to prominence as one of the leading cryptocurrency exchanges. The exchange offers a wide variety of digital assets, including many of the major coins like Bitcoin, Ethereum, Litecoin, and XRP.

Binance also offers a unique platform for token trading through its native Binance Coin (BNB).

While Binance is not currently available in China, that may soon change. The exchange is reportedly planning to launch a new Chinese-focused platform called “Binance China”.

The new platform will be a joint venture between Binance and an unnamed Chinese company.

NOTE: WARNING: Binance is not available in China. Anyone attempting to access the Binance platform from within the country may be subject to legal and administrative penalties. Please use caution if you are considering accessing Binance from within China.

The launch of Binance China comes as the Chinese government is cracking down on cryptocurrency trading. In September 2017, China imposed a nationwide ban on initial coin offerings (ICOs).

And in February 2018, the country’s central bank ordered all cryptocurrency exchanges to halt trading activities.

Despite the crackdown, there is still demand for cryptocurrency trading in China. A recent report from Blockdata showed that over-the-counter (OTC) trading volume in China has been on the rise since the beginning of 2018.

And according to a study by Cambridge University, around 3 million to 4 million people in China are actively using cryptocurrencies.

If Binance is able to launch its new platform successfully, it could tap into this growing demand and become a leading player in the Chinese market. However, it remains to be seen how the Chinese government will react to the launch of Binance China.

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