Perhaps reflecting how Binance’s Chinese name “??” means “safe coins,” many Binance users in China said they aren’t too worried about their funds amid the worsening global crackdown on the world’s biggest crypto exchange by volume. On the surface, this may seem counter-intuitive. Binance is clearly in the crosshairs of regulators from around the world, having been banned in several countries and facing criminal charges in another. Meanwhile, a recent series of regulatory actions by China against crypto activity has rocked the industry overall and contributed to a plunge in crypto prices. For Chinese traders, though, Binance is largely viewed...