Are there many people in China trading cryptocurrencies?

My answer is not many. It won't exceed 200,000.

Generally, most people use OK or Binance.

The number of people using Binance is the highest, possibly greater than 80%.

Because there are many people, the probability of slippage is low, making it relatively stable!

A few times of airdrop events can show this.

About 4,000 people can stake 3 BNB to participate in new listings.

The number of people who have traded new coins is about 15,000.

Then, counting the number of people opening contracts.

Even if ✖️10 times, it would only be a few hundred thousand at most!