After X launched one-click buying and selling of cryptocurrencies, it no longer poses a threat to Chinese exchanges.
The biggest issue is compliance—holding only a US license, trading is only open to Americans. Like IBKR and PayPal, Chinese users can't complete KYC, so they can only watch the market.
Some profits are only achievable by challenging regulations.
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After X launched one-click buying and selling of cryptocurrencies, it no longer poses a threat to Chinese exchanges.
The biggest issue is compliance—holding only a US license, trading is only open to Americans. Like IBKR and PayPal, Chinese users can't complete KYC, so they can only watch the market.
Some profits are only achievable by challenging regulations.