Here’s the Most Talked Cryptocurrencies and Most Used Exchanges by Chinese People
Release: 2024/08/20 01:23 Reading: 817
Binance and OKX Dominate Chinese Cryptocurrency Market, Techflow Survey Reveals
A recent survey conducted by Techflow among Chinese-speaking cryptocurrency enthusiasts sheds light on the ongoing dominance of Binance and OKX as centralized exchanges. Binance remains the undisputed leader in several key categories, solidifying its market influence.
Exchange Usage and Rankings
In the ranking of frequently utilized exchanges, Binance, OKX, Gate, Bitget, Bybit, and HTX occupied the top six positions. Binance and OKX demonstrated significant superiority, with 96.72% of respondents citing Binance as their most commonly used centralized exchange.
Binance also excelled in categories such as largest cryptocurrency asset, most lucrative exchange, and optimal platform for participating in new listings, capturing over 60% market share.
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Information Sources and Investment Decision-Making
The survey revealed that Twitter is the primary source of cryptocurrency news and updates for 87% of respondents. Among venture capital firms, a16z, Paradigm, and Binance Labs were recognized as the most prominent names.
Interestingly, 69.61% of participants indicated that regulatory activities had minimal impact on their stock market choices.
Cryptocurrency Idols and Mentioned Currencies
When asked about their crypto idols, respondents frequently mentioned:
- Bitcoin creator Satoshi Nakamoto
- Ethereum co-founder Vitalik Buterin
- SpaceX founder Elon Musk
- Binance CEO Changpeng Zhao (CZ)
Among Chinese survey participants, Bitcoin, Ethereum, Solana, BNB, and PEPE emerged as the most commonly mentioned cryptocurrencies.
This content does not constitute investment advice.
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