Domestic Cryptocurrency Exchange Platform 2025

Domestic Cryptocurrency Exchange Platform

What are the domestic legal cryptocurrency exchange platforms?

• Huobi
• Binance
• OKX

Domestic cryptocurrency exchange platform Compliance

In September 2021, ten ministries and commissions including the People's Bank of China jointly issued the "Notice on Further Preventing and Dealing with Speculation Risks in Virtual Currency Transactions", clarifying that virtual currency transactions are illegal financial activities. Domestic exchange platforms responded by halting all virtual currency trading services. Currently, there is no legal and compliant cryptocurrency exchange platform in China.

Overseas cryptocurrency exchange platforms

Due to the ban on cryptocurrency trading in China, domestic investors can only trade through overseas exchange platforms. Commonly used overseas exchange platforms include:

• Binance
• Coinbase
• Kraken

Risks of Trading Cryptocurrencies

• High Price Volatility: Cryptocurrency prices are extremely volatile and can rise or fall significantly over a short period of time.
• Imperfect supervision: The cryptocurrency industry is not fully regulated, and investors may face risks such as fraud and hacker attacks.
• Legal Risk: In some countries, cryptocurrency trading is illegal and investors may face legal risks.

Advice on trading cryptocurrencies

• Invest carefully and only invest money that you can afford to lose.
• Choose a reputable exchange platform.
• Keep your private key properly.
• Learn about the risks and rewards of cryptocurrency.

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