In a media session at Shanghai blockchain Week, Binance’s co-founder and marketing director He Yi said the platform provides opportunities to deposit in fiat currencies, including the Chinese one.
After the banning of the Asian giant to digital currencies in 2017, investors have shown great interest in OTC markets. A very attractive opportunity offered by Binance, with many of the features that demand includes and also planning to explore the lucrative market of cryptocurrencies in China.
With the intention of strengthening its presence in the Chinese market, the global exchange platform looks for resources and time for its expansion. Therefore, it can be considered a critical and challenging task due to the strict prohibition that the government has on local cryptocurrency traders.
However, this scenario may not be so worrysome because the exchanges of local crypto as OKCoin and Huobi which had to move their operations out of the country for government policies, continued to offer crypto-crypto trading services to local investors.