Crypto Exchanges Stop Letting Chinese Users Sign Up: What You Need to Know
In a significant development for the cryptocurrency landscape, major crypto exchanges have stopped signing up Chinese users following increased regulatory pressure from Beijing. This change, largely implemented in late September 2025, marks a turning point for the accessibility of cryptocurrency trading within mainland China.
Why Are Crypto Exchanges Restricting Chinese Users?
The primary driver behind these restrictions is the People's Bank of China (PBOC)'s intensified crackdown on cryptocurrency activities. On Friday, September 25, 2025, the PBOC reiterated its stance against cryptocurrency trading, leading to swift action by leading exchanges. The subsequent days saw a cascade of announcements.
Huobi and Binance Lead the Way
27 de sept. de 2025 In response to the evolving regulatory environment, Huobi Global and Binance, two of the largest exchanges globally and extremely popular with Chinese users, stopped new registrations of accounts by mainland Chinese users. This decision directly impacted the ability of Chinese citizens to directly participate in cryptocurrency trading on these platforms. Specifically, 26 de sept. de 2025 Exchange operators Huobi and Binance have stopped letting traders use mainland China mobile numbers to register new accounts, effectively preventing new user registration.
27 de sept. de 2025 Huobi, a leading global cryptocurrency exchange based in the Seychelles, officially announced that it will no longer be opening accounts for Chinese users on the mainland. This move aligns with China's ongoing efforts to curtail cryptocurrency trading and mining within its borders.
The Impact of China's Crypto Ban
27 de sept. de 2025 Major crypto exchanges have stopped signing up Chinese users in their platform in the wake of China’s blanket ban on their trading. 27 de sept. de 2025 Huobi, one of the world's largest cryptocurrency exchanges, said it has ceased new account openings for mainland Chinese users. This comes after the People's Bank issued its strong statement.
This regulatory shift has significant implications for the cryptocurrency market, potentially reducing trading volumes and impacting the overall growth of the industry within China. While existing users may face some limitations, the primary impact is on preventing new entrants from easily accessing the crypto market.
What's Next for Chinese Crypto Users?
The future of cryptocurrency trading for Chinese users remains uncertain. While some may explore alternative methods or platforms outside of mainland China, the increased scrutiny and restrictions pose a significant challenge. The focus now shifts to observing how the regulatory landscape evolves and whether alternative channels for accessing cryptocurrency markets will emerge.