Report: WeChat Pay sharply decreases in OTC transactions on cryptocurrency exchanges

The pattern of Alipay and WeChat payment occupying mainstream payment methods of OTC transactions on cryptocurrency exchanges has recently undergone tremendous changes. Today, Alipay payment and bank card payment have become the main methods of OTC transactions on cryptocurrency exchanges, and WeChat payment has almost disappeared in OTC transactions. According to statistics on April 3, the USDT OTC channels of the three major exchanges (OKEx, Huobi, and Binance) currently only support 7.35% of merchants supporting WeChat payment, and 50.34% of merchants supporting Alipay payment support bank cards. 60.22% of merchants pay by transfer.