China: China’s Crackdown Helped Binance Become the Largest Cryptocurrency Exchange.

South China Morning Post

Zhao Changpeng, 41, built the world’s biggest cryptocurrency exchange by trading volume in about 165 days by sticking to a simple strategy: expand anywhere, but China. The meteoric rise of Binance, which was founded in Hong Kong in July last year, was helped in part by China’s decision to crack down on domestic cryptocurrency trading, Zhao said in an interview on the sidelines of a conference in Singapore last month.

image via Shutterstock

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