Xinbi Marketplace Persists Amid Enforcement Actions

TRM Labs has revealed that the Chinese-language guarantee marketplace Xinbi is continuing its operations despite facing enforcement actions. According to NS3.AI, Xinbi has maintained its activity by transitioning to new platforms and introducing a payment service named XinbiPay. The platform has accumulated around $17.9 billion in total transaction volume, setting it apart from other similar marketplaces that have been significantly impacted by Telegram crackdowns.