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   866

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 System Update Complete

One of the largest cryptocurrency exchange reported that it's back online
09 February 2018   237

One of the most fast growing cryptocurrency exchange, Binance, reported on complitatio of its system update. 

Binance has completed its system upgrade and we expect all trading activity to resume at 10:00 AM (UTC).

In the 60 minutes prior to the commencement of trading, users will be able to cancel orders, process deposits, withdrawals, and use all other account related functions.

To show our gratitude for your unwavering support throughout the upgrade process, Binance will provide all users with a 70% discount on trading fees (0.03% on all trades, 0.015% with BNB) until 2018/02/24 00:00 AM (UTC).
 

Binance Team

These news are good for the Binance users, but they report on ongoing issues on the Twitter.

We hope that the Binance team will solve all issues ASAP and their users will be happy.