Binance Adds 240,000 Users in One Hour

Binance announced on December 10 that 5 Million Users have registered on the exchange
11 January 2018   2439

Hong Kong-based cryptocurrency exchanges Binance is adding “a couple of million” registered users every week, with 240,000 people signing up in just an hour on Wednesday, CEO Zhao Changpeng said in an interview with Bloomberg Television.

He added that demand is so high that the company is limiting new customers, though Binance may fully reopen in the coming weeks.

We did not expect this kind of growth to be honest.

 

Zhao Changpeng

CEO, Binance

The news comes as Binance announced on December 10 that 5 Million Users have registered on the exchange.

Binance

According to Zhao, traffic on Binance has been so high that the company hits the limit of servers per account permitted by its cloud provider Amazon.com Inc. “every day”.

Zhao also said that his company is working to receive an exchange license from Japan’s Financial Services Agency. The country passed comprehensive cryptocurrency regulation that included oversight of exchanges in April, and has issued 16 licenses to date.

Earlier in January, Binance stopped new users registration due to the overwhelming surge in popularity, but soon after the exchange allowed a limited number of new registrations each day.

Binance DEX to List 5 TrustToken Stablecoins

Binance DEX listed TrueUSD, TrueGBP, TrueAUD, TrueCAD and TrueHKD, tied to appropriate fiat currencies
08 August 2019   234

Non-custodian exchange Binance DEX in the near future conducted a listing of five new stablecoin issuer TrustToken, The Block reports.

As TrustToken said, Binance DEX added TrueUSD, TrueGBP, TrueAUD, TrueCAD and TrueHKD, exchange rates related to the US dollar, Australian dollar, Canadian dollar and Hong Kong dollar, respectively.

All five assets will be released on the blockchain. Until this moment, TrustToken stablecoins were available only in the format of ERC20 tokens on the Ethereum blockchain.

Binance DEX has new opportunities for making financial contributions. TrueUSD trading on Binance DEX should start on August 8th. Listing suggestions for other TrustToken stablecoins will be issued in the coming weeks.

TrustToken plans to launch its new or two additional blockchains before the end of the year and the new TrueSGD, the rate of which will be tied to the Singapore dollar, “soon”.