TechFlow reported, citing The Wall Street Journal's reference to an internal Binance platform called "Mission Control," that in May this year, the crypto exchange saw over $90 billion in spot and futures trading volume from users in China, with the majority coming from futures trading.
As of May, Binance had 5.6 million users in China, including 911,650 active users. Overall, the cryptocurrency exchange has more than 128 million users globally. After China, Binance's largest markets are South Korea, Turkey, and Vietnam.
A Binance spokesperson told The Wall Street Journal that the Binance.com website is blocked in China and inaccessible to Chinese users, but declined to comment further.
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