Binance dominates among Chinese crypto users, X provides guidance

A survey of more than 2,000 Chinese speakers shows clear favorites and frequent appeals for supernatural assistance.

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Binance is the preferred cryptocurrency exchange for Chinese speakers, and social media platform X is the source of most of the information they use to make investment decisions, Hong Kong-based publication TechFlow found in a detailed survey.

Respondents were 76.1% male, and 57.4% were between the ages of 26 and 35. Slightly over a quarter of respondents were younger than that, while users over 55 accounted for only 0.45%. Respondents with three to five years’ experience on the crypto market were the most common, at 34.76%. They were followed by those with one to three years (30.94%) and five to eight years (21.29%). Only 6.19% had more than eight years of experience.

Binance holds a dominant position among Chinese-speaking crypto holders. Respondents indicated that 96.72% of them use the exchange, and 63.15% keep their main assets on the exchange.

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