Published on August 02, 2023 16:00 GMT+00:00edited on August 02, 2023 16:04 GMT+00:00

Binance continues to attract a significant portion of its business from China, even in the face of the country’s prohibition on cryptocurrencies. In May, Binance recorded a staggering trading volume exceeding $90 billion, encompassing both spot and futures transactions originating from the country.

This data, disclosed by the Wall Street Journal and referencing the exchange’s internal system “Mission Control,” highlights the prevalence of futures trading within this volume.

What emerges prominently is the company’s unwavering gusto in maintaining a foothold within the Chinese market. This determination becomes all the more significant as the company deftly maneuvers through the intricate web of global regulatory hurdles that cast a shadow of uncertainty over the future of the …