Domestic formal blockchain trading platform

Domestic formal blockchain trading platforms must obtain licenses issued by national regulatory authorities, establish and improve risk control systems, operate transparently and compliantly, and ensure the safety of customer funds. Several formal domestic platforms include: Huobi.com, Binance.com, OKX, Matcha Exchange, Biter Exchange, etc. These platforms meet the above characteristics and provide safe and reliable trading services.

Domestic formal blockchain trading platform

Domestic formal blockchain trading platform refers to a platform that has been approved by the national regulatory authorities, operates legally in the country, and provides blockchain asset trading services.

Characteristics of formal platforms:

• Obtaining regulatory licenses: Platforms must obtain relevant licenses issued by the People’s Bank of China or other regulatory agencies to prove their legal compliance.
• Strict risk control system: The platform needs to establish a complete risk control system, including KYC (Know Your Customer) certification, anti-money laundering and anti-fraud measures.
• Transparent and compliant operations: The platform’s transaction data and asset management must be open and transparent, and be subject to regular inspections by regulatory agencies.
• Customer Fund Security: The platform adopts a variety of measures to ensure the security of customer funds, such as cold wallet storage, multi-signature mechanism, etc.

Several major domestic formal blockchain trading platforms:

• Huobi: Founded in 2013, it is one of the earliest blockchain trading platforms in China, with industry-leading transaction volume and market capitalization.
• Binance: Founded in 2017, it is headquartered overseas, but provides services to Chinese users and also enjoys a high reputation in the country.
• OKX: Original OKCoin, founded in 2013, is also the leading blockchain trading platform in China, focusing on digital asset trading and derivatives services.
• Matcha Exchange: Founded in 2019, it is one of the exchanges with a large number of users in China, focusing on emerging currencies and DeFi projects.
• Biter Exchange: Established in 2013, it is a global blockchain trading platform and has a certain user base in China.

The above platforms all meet the characteristics of formal trading platforms and have passed strict compliance reviews to provide users with safe and reliable blockchain asset trading services.

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