Chinese investors are increasingly putting part of their portfolios in cryptocurrency due to the state of the national stock market. According to reports, investors are using exchanges like Binance or Okx, or Hong Kong local exchanges, to purchase crypto using payment methods like Alipay and Wechat, even when cryptocurrency is banned in the Chinese mainland.
Chinese Investors Seeking Earnings in Crypto
Cryptocurrency is making a comeback in China, as Chinese investors have turned to these looking for profitability as the national stock market is facing a slump. According to Reuters, even though purchasing and trading cryptocurrency has been banned since 2021, Chinese investors have found a way to allocate significant fractions of their portfolios to crypto.
These investors can use exchanges like Binance and Okx trading groups and traditional payment methods like Alipay and Wechat to purchase stablecoins from local dealers, entering the cryptocurrency investment arena. Also, over-the-co
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