According to the documents published by the Wall Street Journal, Binance’s largest trading volume comes from China, South Korea and Turkey.
Wall Street Journal ( WSJ), using data from a platform called Mission Control Binance published a report on the trade volume of Announcing that despite the bans on crypto, the Chinese branch has a trade volume of over $ 90 billion, the WSJ attracted great attention. This volume, mostly from futures, indicates that the largest trading market on Binance is China. In addition, Türkiye ranks third in this list.
Türkiye is in the third place of the list!
Binance’s total spot and futures trading volume exceeded $670 billion, according to The Block’s Data Dashboard. According to the WSJ report, Binance’s largest markets after China are South Korea, Turkey and Vietnam. Considering that cryptocurrencies are not currently in the bull phase, the fact that Turkey is still active in the Binance market reveals the commitment of crypto investors.
When we look at the basis of countries, the fact that China is at the top despite the crypto bans brings with it many thoughts. Despite the fact that crypto activities in the country are not legal, China, which has the most commercial volume, can make a big difference to all countries with the lifting of the bans.
