The world’s largest crypto exchange, Binance will suspend C2C trading for mainland China users. However, according to 8BTCnews, Binance has suggested its replacement with the exchange’s verified partner, a C2C trading platform called Pexpay. The unsurprising shut may be levied to China’s long-standing stance against the decentralized industry.
#Binance will stop C2C trading for mainland China users, but recommends a new C2C trading platform Pexpay, saying its their verified partner. pic.twitter.com/zELQkGnaYs
— 8BTCnews (@btcinchina) December 31, 2021
While Binance has outperformed in regards to its development since it opted for a regulator-friendly approach, yet the crypto exchange remains unwelcome by the Chinese government.
Binance global expansion
Despite the suspension of services in China, Binance is knocking it out of the ballpark with its escalated global expansion, going hand-in-hand with regulatory approvals. Earlier this week, Binance acquired in-principle appr
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