Binance to launch fiat-to-crypto OTC for Chinese Yuan in October
Binance will be launching a new over-the-counter fiat onramp in China next month. While the Chinese government banned trading two years ago, OTC markets have continued to exist allowing investors to purchase stablecoins and convert them to crypto. Since leaving China in 2017, Binance has also recently made its first Chinese investment participating in a $200 million round for Mars Finance, a local blockchain publication.
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