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WeChat Appears to Censor Binance and Huobi Searches
The move comes after China’s top regulators called for more scrutiny of crypto information providers.
Updated May 11, 2023, 5:19 p.m. Published Oct 13, 2021, 7:58 a.m.

China’s ubiquitous messaging platform WeChat appears to be censoring searches for “Binance” and “Huobi,” joining Weibo and Baidu.
- Searches in Chinese and English for “Binance” and “Huobi” are returned with a message saying “No more results,” CoinDesk staff confirmed early on Wednesday. Existing articles related to the exchanges on WeChat are largely still accessible.
- Back in June, Twitter-like social media platform Weibo and search engine Baidu started blocking searches for Binance, Huobi and OKEx.
- On Sept. 24, China’s regulators also called for increased scrutiny on companies that disseminate information related to crypto trading, along with a renewed crackdown on the sector.
- WeChat is China’s largest messaging platform and a key tool for broadcasting news and information.
- Binance announced today it is halting Chinese yuan trading for its consumer-to-consumer platform.

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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Japan ETFs said likely to trade by 2028 as SBI, Nomura ready products

The Financial Services Agency is moving to classify crypto as an eligible asset for exchange-traded funds, with potential inflows reaching $6.4 billion, according to Nikkei.
What to know:
- Japan’s Financial Services Agency plans to allow cryptocurrency exchange-traded funds, and products could list in 2028, Nikkei reported.
- FSA approval could potentially give retail investors access to bitcoin and other digital assets under the Investment Trust Act.
- SBI Holdings and Nomura Holdings have expressed interest in offers ETFs, and any products would also need a go-ahead from the Tokyo Stock Exchange.
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