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  • binance exchange

    For all those who still wanted to jump on the successful “cryptocurrency”, another door was closed, because the popular Bitcoin exchange Binance stops accepting new customers for an uncertain time.

    No Binance for new customers

    As Binance announced today, the Bitcoin exchange will no longer process new registrations. The stock market wrote to all sorts of new customers:

    “Due to the overwhelming increase in popularity, Binance has to temporarily suspend the registration of new users to revise the infrastructure.”

    This puts the successful Bitcoin exchange in the list of companies that had to suspend the inclusion of new customers temporarily. Stock exchanges such as CEX.IO, Bitfinex and Bittrex also had to stop processing requests due to the flood of new registrations. Also Kraken announced to have operational difficulties by a wave of inquiries.

    Who or what is Binance?

    As the data from Coinmarketcap shows, Binance is the largest Bitcoin exchange with a daily trading volume of 2.8 billion US dollars. It was not until July 2017 that the platform started buying and selling cryptocurrencies. Now it already has over 2.9 million users.

    The Hong Kong based company is also popular because it can help its clients in various languages ​​such as English, Japanese, Chinese, Korean, Russian, Spanish, French and German. In addition to the traditional currencies such as Bitcoin, Ethereum, Tether and their own BNB cryptocurrency, the stock exchange offers 96 more cryptocurrencies.

    The team behind Binance is constantly working to improve services and this has led to increased quality and optimization of the technology. As a result, the number of new registrations increased significantly. But it also means that the relatively relaxed new customer review should have led to a large number of new applications. Whatever the main reason for the popularity of the stock market, growth at this rate is obviously no longer sustainable for the company, as long as the infrastructure of the Bitcoin exchange is not expanded.

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