Binance Cryptocurrency Exchange Can Still Be Accessed From China

The Binance cryptocurrency exchange can still be accessed from china as the official Weibo account of the platform shared a domain name that the Chinese users can use to get into the platform as we are reading more about it in the latest binance news.

The Binance cryptocurrency exchange left China in advance of the government ban on crypto trading but some claim that the Chinese users can still access it. One reporter was even able to access Binance and have his identity verified and make trades on the platform. The exchange claimed that the specific website in question is actually a test-site used mainly by Egyptian citizens. According to the report, Binance said that the main website was not available in China and the app should not be downloaded.

However, the official account on Weibo which is a platform predominantly used by Chinese users posted a summary of the key details for the exchange that linked to the exchange at Binancezh.com which of course, is not the official website. The reporter then used the link to access the site which was also written in Chinese. He went over the ID procedures and put his locations like Beijing and he got the approval. He then used the exchange and traded cryptocurrency.

Binance claimed that the websites were only a test site and according to the data, most of the users are from Egypt. Looking at the data, you can surely confirm this fact. It shows that 49% of the traffic on the site comes from Egypt, followed by the United States and Hong Kong. However, data from Similar Web also shows that about 8% of the traffic to the website comes from Egypt with 79% coming from China. Binance was originally launched in China in 2017 as a rebrand of the Bije Technology. however, the platform left China in August of that year because of the ban on crypto trading. Binance moved to Japan and then to Malta but it is registered in the Cayman Islands.

The exchange maintained its presence in China with an office holding up to 200 people which closed back in 2019. Binance denied that it had an office and refuses to state where it is officially headquartered.
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Some of the users protested outside the building in China which they claimed was a very small office. The exchange continues to hire employees in Taipei, California, and also, China.