Binance has suspended registration of new users
Binance cryptocurrency exchange announced that it is temporarily suspending registration of new users. Information about this was published on the website and Twitter of the company.
“Due to the overwhelming rise in popularity, Binance is forced to temporarily suspend new user registrations to update its infrastructure,” Binance writes..
Probably, the exchange, whose engine is capable of processing up to 1.4 million orders per second, was simply not ready for such a rapid growth in the number of users..
Binance opened trading on July 15, 2017 and has continued to attract traders with its user-centricity ever since, but the exchange’s truly skyrocketing popularity began last December. So, on December 7, Binance announced that 1 million users were registered on its platform, and on December 28, that is, exactly 3 weeks later, their number exceeded 3 million..
In addition, yesterday, Binance’s trading volumes exceeded $ 5.5 billion for the first time, which allowed it to gain a foothold in the first place in the list of the largest cryptocurrency exchanges. Today this value is already approaching $ 9 billion..
More than $ 3 billion in trading volume falls on the TRX / BTC and ETH / BTC pairs. Half-jokingly, social media users write that TRON, which has grown by more than 150% in the last 24 hours, still broke the Binance server.
The exchange itself claims that the restrictions will not affect existing users, and all services, including advanced account verification, will be provided as usual..
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