Is Qingdao North Spot Trading Platform illegal?

It's not illegal. Qingdao North Spot Trading Platform is certified by the Industrial and Commercial Bureau and is legally operated, so Qingdao North Spot Trading Platform is not illegal. Qingdao North, the first spot trading platform wholly owned by central enterprises in China, ushered in a historic breakthrough on February 2, 2020 with its steady development strength and Hongyuan's planning blueprint.