Chinese payment giant Alipay has denied authorizing cryptocurrency trading through third-party platforms after Peer launched a beta service allowing users to trade USDC stablecoins with Chinese yuan via Alipay payments. Peer reported over 100 trades since August, but clarified it has no formal partnership with Alipay. This comes amid China's strict crypto regulations banning fiat-to-crypto exchanges and related activities. Alipay warned users to be cautious of unauthorized crypto transactions advertised on outside platforms.
Alipay's recent denial of supporting crypto trading provides context for the current market snapshot. For readers following cryptocurrency trends, here is Pluang's market data as of Oct 29, 2026 16:31 WIB: out of 50 major cryptocurrencies, 8 rose and 41 fell. Notably, VeChain (VET) traded at Rp111 with a 1-day change of -4.73%, The Graph (GRT) at Rp394 with -4.55%, and Kusama (KSM) at Rp66,556 with -4.48%.
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