Several platforms for trading virtual currencies in China

In China, all virtual currency trading platforms have been closed, and there are no legal exchanges. There were trading platforms before, such as Binance, Huobi, OKEx, etc., but they were all closed or moved overseas due to the 2021 government ban. Currently, virtual currency trading is illegal in China, and violators may be punished.

China Virtual Currency Trading Platform

What are the Chinese virtual currency trading platforms?

China has now closed all virtual currency trading platforms, which means there are no longer any legal virtual currency exchanges in China.

Trading platforms in history

Before 2021, there were many active virtual currency trading platforms in China, including:

• Binance
• Huobi
• OKEx
• Gate .io
• Bithumb

Why is the trading platform closed?

In 2021, the Chinese government issued a ban prohibiting the provision of virtual currency trading services within China. The purpose of this move is to curb speculation in virtual currencies and protect the stability of the financial system.

Current Situation

Since the ban, all virtual currency trading platforms in China have been closed or moved overseas. Trading virtual currencies within China is now illegal, and anyone involved in trading virtual currencies may be subject to penalties.

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