Sep 25, 04:15 AM

China’s Crypto Brokers Attract $75.4 Billion Despite Beijing's Ban

China’s over-the-counter cryptocurrency brokers are attracting unprecedented inflows, reflecting a hunger for alternative investments amid weak equity and property markets in a struggling economy. Inflows topped $20 billion in each of the three quarters through June 2024, specifically Q4 2023, Q1 2024, and Q2 2024, amounting to a total of $75.4 billion. This surge in activity comes despite Beijing's ban on cryptocurrency.

#China #Beijing

Written with ChatGPT (GPT-4o).

Sources

Techmeme@Techmeme
1 year ago
Chainalysis: inflows to China's over-the-counter crypto brokers topped $20B in Q4 2023, Q1 2024, and Q2 2024 for $75.4B in total, despite Beijing's crypto ban (@suvajourno / Bloomberg) https://t.co/nHLFBd8AZq 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/n3Uir3MgfC
Stuart Wallace@StuartLWallace
1 year ago
China’s over-the-counter cryptocurrency brokers are attracting unprecedented inflows. Inflows topped $20 billion in each of the three quarters through June. https://t.co/7BSTDg2htr via @Suvajourno https://t.co/bOCO61hEQt
Christophe Barraud🛢🐳@C_Barraud
1 year ago
🇨🇳 #China’s Shadowy #Crypto Brokers Lure $75 Billion as Economy Toils - Bloomberg https://t.co/C1XGwUz9KW https://t.co/zPS4bROySi

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China’s Crypto Brokers Attract $75.4 Billion Despite Beijing's Ban

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