Cryptocurrency
Chinese Crypto Market Preferences
Tuesday. August 20 at 11:30 AM
1 min. readA survey by Hong Kong-based TechFlow revealed that Binance is the top choice for Chinese-speaking crypto users, with X being their primary source of investment information. The survey, which had 2,053 respondents, showed that most users were male (76.1%) and aged between 26 and 35 (57.4%). Majority had 3-5 years of crypto experience (34.76%), followed by 1-3 years (30.94%). Binance was the preferred exchange, used by 96.72% of respondents, while X was the main information source (87.17%). Other popular exchanges included OKX, Gate.io, and Bitget. Interestingly, some users engaged in full-time coin speculation, with 49.41% holding more than half of their assets in crypto. Despite China's crypto ban, users can still trade on exchanges in Hong Kong. The survey highlighted the market's reliance on X for information and the popularity of certain cryptocurrencies like BTC, ETH, and SOL among Chinese traders.