RATE Group | Binance Launches P2P Trading in China With Support for Alipay and Wechat
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Binance Launches P2P Trading in China With Support for Alipay and Wechat

12 Oct Binance Launches P2P Trading in China With Support for Alipay and Wechat

Posted at 09:03h in Cryptocurrency News by

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Binance Launches P2P Trading in China With Support for Alipay and Wechat

Cryptocurrency exchange Binance has launched peer-to-peer trading in China. The platform supports traders making transactions between themselves using the dominant Chinese payment apps Alipay and Wechat Pay. News of the matter forced Alipay to publicly claim it stops transactions if they are discovered to be related to cryptocurrency.

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Binance Launches P2P Trading in China

The world’s largest crypto exchange by volume, Binance, has announced it’s launched peer-to-peer trading functionality with BTC, ETH and USDT for trading against CNY (Chinese Yuan). Access to P2P trading functionality will be initially provided only to Android users that have Binance accounts registered for over 30 days, but the company promised that it will slowly roll out this service to iOS and web interface users going forward.

Binance Launches P2P Trading in China With Support for Alipay and Wechat

Changpeng Zhao, the CEO of the exchange, revealed on Twitter…

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