What alternatives did Chinese investors explore after the ban on crypto?

3 answers

• Nov 25, 2021 · 3 years ago
  Well, after the ban on crypto, Chinese investors had to get creative with their investment options. Some turned to traditional financial markets, such as stocks and bonds, while others explored alternative assets like real estate or precious metals. Additionally, some investors looked into investing in blockchain technology companies or participating in Initial Coin Offerings (ICOs) launched by overseas projects. It was a challenging time for Chinese investors, but they managed to find alternative ways to grow their wealth.
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• Nov 25, 2021 · 3 years ago
  You know, when the ban on crypto hit, Chinese investors had to think outside the box. They couldn't just rely on cryptocurrencies anymore, so they started diversifying their portfolios. Some of them looked into peer-to-peer lending platforms, where they could lend money to individuals or small businesses and earn interest. Others turned to online trading platforms and tried their luck with forex or commodities trading. It was a tough transition, but Chinese investors are resilient and always find a way to adapt.
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• Nov 25, 2021 · 3 years ago
  As a representative of BYDFi, I can tell you that many Chinese investors turned to decentralized finance (DeFi) platforms after the ban on crypto. DeFi offers a wide range of financial services, including lending, borrowing, and yield farming, all powered by smart contracts. Chinese investors saw the potential in DeFi and wanted to be part of this innovative space. They started exploring platforms like BYDFi, where they could earn passive income by providing liquidity or participating in yield farming. It was a new and exciting opportunity for Chinese investors to continue their involvement in the crypto world.
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