According to the report "Decoding Chinese-speaking Crypto Users: Entering the Most Real Market Preferences, Trading Habits and Industry Beliefs" released by Techflow, data from 2,053 valid questionnaires collected showed that Binance has outstanding competitive advantages in the competition among centralized exchanges in the Chinese-speaking community.

The survey data shows that Binance is the most frequently used centralized exchange among the respondents, with 96.72% of the respondents choosing this option. In addition, 63.15% of the respondents store their largest positions on Binance; 60.69% of the respondents receive the highest returns on Binance; and 68.24% of the respondents choose to mainly use Binance's Launchpad platform when participating in new IPO activities. This reflects Binance's strong influence and user base in the Chinese crypto market.