China Crypto Exchange: What’s Allowed, What’s Banned, and Where Traders Turn

When you hear China crypto exchange, a term that refers to platforms where people in China buy, sell, or trade digital assets like Bitcoin and Ethereum. Also known as cryptocurrency trading platforms in China, it used to mean big names like Huobi, OKX, and Binance China—until everything changed in 2021. That’s when the Chinese government shut down all domestic crypto exchanges, citing financial risk and capital flight. But the ban wasn’t the end—it was a turning point. People didn’t stop trading. They just went underground.

The cryptocurrency ban China, a sweeping policy that made it illegal for exchanges to operate within the country’s borders. Also known as crypto trading prohibition, it forced platforms to move servers overseas and cut off yuan deposits. But crypto regulation China, the strict legal framework that now controls all financial activity involving digital assets. Also known as digital currency oversight, still leaves room for peer-to-peer trading, over-the-counter deals, and offshore platforms accessed via VPNs. Many users now rely on Binance, Bybit, or OKX—none of which are based in China, but all of which are still used by millions there.

It’s not just about access. It’s about survival. With banks tightly controlled and the yuan’s value fluctuating, Bitcoin and USDT became a quiet safety net for small businesses, freelancers, and even families sending money abroad. The government tracks transactions, but it can’t track every wallet. That’s why crypto trading China, the informal, decentralized ecosystem that keeps digital asset flows alive despite the ban. Also known as offshore crypto activity, thrives in encrypted chat groups, Telegram channels, and local cash trades. You won’t find ads for these services on WeChat, but if you know where to look, they’re everywhere.

What’s missing from the headlines? The real stories. The student who uses USDT to pay for overseas courses. The factory worker who saves in Bitcoin because local banks won’t pay interest. The trader who switches between five different apps just to avoid detection. These aren’t outliers—they’re the norm. The China crypto exchange story isn’t about bans. It’s about adaptation.

Below, you’ll find real reviews, deep dives, and warnings about platforms that claim to serve Chinese users—and the ones that don’t. Some are scams. Some are risky. A few are quietly reliable. You’ll learn what actually works in 2025, what to avoid, and how people are still trading crypto in a country that says they shouldn’t be able to.