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   1149

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.

Coinrail and Binance support Tron Blockchain and Token

Tron Foundation has made 2 announcements relatively to 2 major trading platforms providing Tron Blockchain upgrade and the token migration
10 May 2018   137

The official statement claims that two superior digital asset platforms - Coinrail and Binance will be supporting the upcoming announced upgrades by the firm. The announcement also reported that the investors need to deposit TRX’s ERC-20 tokens to Coinrail and Binance platforms correspondingly in order to receive appropriate amounts of TRX tokens.

As known from the field enthusiasts, Tron will be running the virtual machine on May 25, which will be proceeded by the expected mainnet launch on May 31 and the token migration will take place on June 21. As informed, the recent announcements by exchange platforms were made in accordance with the approaching important dates for Tron.

These official announcements were also affirmed by the founder and CEO of Tron, Justin Sun on his official Twitter page. Sun was fast to share the good news with the community and appeal the investors to study more about the recent update.

Coinrail is an updated cryptocurrency exchange designed for user convenience and safety. The main aim of the platform is to provide user-oriented system and design. The main profit of Coinrail is that the users can conveniently use the platform through obvious processes and real time charts. It also insures complete security as it is  being consisted of e-mail verification, cell phone verification, security codes, and Google OTP authenticating services. The key characteristics of Coinrail include professionalism, expandability, stability and the competitive spirit.

Binance is the world’s leading blockchain trading platform that promotes multi-language and multi-currency exchange services. Its customers include blockchain enthusiasts from many countries. At present Binance possesses the exchange platform, Binance Info, Binance Labs and Binance Launchpad.