Topic: Binance CEO Claims a Quarter of a Million New Users in One Hour (Read 227 times)
I just signed up to Binance. It didnt ask for any ID verification hassles like some other exchanges such as GDAX or Poloniex. Signing up was an ease.
January 14, 2018, 02:56:27 AM
Binance is a top quality exchange which very understandable for this large number of people all wanting to use their services. Hope other competing exchanges start to provide premium services to compete with their services
January 14, 2018, 02:48:09 AM
Binance CEO Claims a Quarter of a Million New Users in One Hour
Binance trading volumes in the last 24 hours totalled almost 6 billion USD.
In an interview with Bloomberg television, the CEO of Binance revealed the flabbergasting extent of demand for cryptocurrency trading.
Learn how to buy Bitcoin and Ethereum safely with our simple guide!
Discover credible partners and premium clients at China’s leading finance event!
Binance is the world’s biggest cryptocurrency exchange. Founded in China, it recently relocated to Tokyo after its native government banned cryptocurrency exchanges. On the fifth on January, a message appeared on its site informing users that it was temporarily disabling user registration “due to the overwhelming surge in popularity”.
In an interview with Bloomberg, CEO Zhao Chanpeng said that after re-opening registration, 240,000 people registered in one hour, “so we’re growing basically by a couple of million every week”.
Binance took its first breaths about 5 months ago, and it was just after Christmas that it announced having reached 3 million users. Yesterday it announced 5 million. According to Coinmarketcap, it is the most heavily used cryptocurrency exchange in the world right now, processing $5,851,344,587 in the last 24 hours alone.
More https://www.financemagnates.com/cryptocurrency/news/binance-ceo-claims-quarter-million-new-users-one-hour/
Binance trading volumes in the last 24 hours totalled almost 6 billion USD.
In an interview with Bloomberg television, the CEO of Binance revealed the flabbergasting extent of demand for cryptocurrency trading.
Learn how to buy Bitcoin and Ethereum safely with our simple guide!
Discover credible partners and premium clients at China’s leading finance event!
Binance is the world’s biggest cryptocurrency exchange. Founded in China, it recently relocated to Tokyo after its native government banned cryptocurrency exchanges. On the fifth on January, a message appeared on its site informing users that it was temporarily disabling user registration “due to the overwhelming surge in popularity”.
In an interview with Bloomberg, CEO Zhao Chanpeng said that after re-opening registration, 240,000 people registered in one hour, “so we’re growing basically by a couple of million every week”.
Binance took its first breaths about 5 months ago, and it was just after Christmas that it announced having reached 3 million users. Yesterday it announced 5 million. According to Coinmarketcap, it is the most heavily used cryptocurrency exchange in the world right now, processing $5,851,344,587 in the last 24 hours alone.
More https://www.financemagnates.com/cryptocurrency/news/binance-ceo-claims-quarter-million-new-users-one-hour/
of course many are enrolled in the binance because binance provides a very high price range from other markets and the binance seems to be a good market and has a very high trading volume.
January 13, 2018, 11:47:38 PM
Binance CEO Claims a Quarter of a Million New Users in One Hour
Binance trading volumes in the last 24 hours totalled almost 6 billion USD.
In an interview with Bloomberg television, the CEO of Binance revealed the flabbergasting extent of demand for cryptocurrency trading.
Learn how to buy Bitcoin and Ethereum safely with our simple guide!
Discover credible partners and premium clients at China’s leading finance event!
Binance is the world’s biggest cryptocurrency exchange. Founded in China, it recently relocated to Tokyo after its native government banned cryptocurrency exchanges. On the fifth on January, a message appeared on its site informing users that it was temporarily disabling user registration “due to the overwhelming surge in popularity”.
In an interview with Bloomberg, CEO Zhao Chanpeng said that after re-opening registration, 240,000 people registered in one hour, “so we’re growing basically by a couple of million every week”.
Binance took its first breaths about 5 months ago, and it was just after Christmas that it announced having reached 3 million users. Yesterday it announced 5 million. According to Coinmarketcap, it is the most heavily used cryptocurrency exchange in the world right now, processing $5,851,344,587 in the last 24 hours alone.
More https://www.financemagnates.com/cryptocurrency/news/binance-ceo-claims-quarter-million-new-users-one-hour/
Binance trading volumes in the last 24 hours totalled almost 6 billion USD.
In an interview with Bloomberg television, the CEO of Binance revealed the flabbergasting extent of demand for cryptocurrency trading.
Learn how to buy Bitcoin and Ethereum safely with our simple guide!
Discover credible partners and premium clients at China’s leading finance event!
Binance is the world’s biggest cryptocurrency exchange. Founded in China, it recently relocated to Tokyo after its native government banned cryptocurrency exchanges. On the fifth on January, a message appeared on its site informing users that it was temporarily disabling user registration “due to the overwhelming surge in popularity”.
In an interview with Bloomberg, CEO Zhao Chanpeng said that after re-opening registration, 240,000 people registered in one hour, “so we’re growing basically by a couple of million every week”.
Binance took its first breaths about 5 months ago, and it was just after Christmas that it announced having reached 3 million users. Yesterday it announced 5 million. According to Coinmarketcap, it is the most heavily used cryptocurrency exchange in the world right now, processing $5,851,344,587 in the last 24 hours alone.
More https://www.financemagnates.com/cryptocurrency/news/binance-ceo-claims-quarter-million-new-users-one-hour/
of course many are enrolled in the binance because binance provides a very high price range from other markets and the binance seems to be a good market and has a very high trading volume.
January 13, 2018, 11:21:54 PM
Binance exchanges are now very popular and highly demanded by people all over the world. I believe it will continue to grow. for now I think that most trading holders are in binends. besides its easy to use and very nayaman seen binance is also a very complete trading place.
January 13, 2018, 10:52:58 PM
Well,that means they need to improve upon their services,high more workers to respond to the numerous support tickets people raise daily.More customers,more money and so services should be better.It is sad that despite heavy usage,they are usually slow to respond to support tickets in time.
January 13, 2018, 10:32:51 PM
It seems, this is the impact of the closing of Cryptocurrency Stock Exchange in South Korea 'CoinOne and Bithumb'. Which causes Crypto Fans in the country to redirect its crypto and migrate 'create new account' account to Binance Exchange.
January 13, 2018, 10:10:42 PM
That is such big demand for the exchanger because the other exchanger is close the registration button.
With that demand but why the marketcap decrease? It makes me confuse.
With that demand but why the marketcap decrease? It makes me confuse.
January 13, 2018, 09:38:52 PM
Could be true, Binance has been adding a lot of cryptos lately so it's normal that everyone's choosing this exchange.
But if i'm not mistaken, i read an article where Bitstamp stated that they were getting around 250k new users weekly. We've all seen the massive coverage in the news cryptocurrencies have been getting over the past few months, so it's not surprising that they're getting so many users . I'm pretty sure the massive influx of new users is one of the reasons why the global market cap reached a peak of $830b.
Overall, it seems like not only Bitcoin but cryptocurrencies have finally gone mainstream, which is nothing but good news.
But if i'm not mistaken, i read an article where Bitstamp stated that they were getting around 250k new users weekly. We've all seen the massive coverage in the news cryptocurrencies have been getting over the past few months, so it's not surprising that they're getting so many users . I'm pretty sure the massive influx of new users is one of the reasons why the global market cap reached a peak of $830b.
Overall, it seems like not only Bitcoin but cryptocurrencies have finally gone mainstream, which is nothing but good news.
This is true. With the new crypto additions, people know that prices are going to go up. Also, as far as I know, there haven't been major horror stories with binance. Many other exchanges have ghosted accounts and seemingly stolen from people, so to have the slight protection of none of that happening is a pretty strong point in favor of Binance.
I feel like a good way to see how binance is doing is by looking at binance coin too. Binance coin has been doing pretty well in the past week as altcoin exchanges (especially binance) have been seeing these increase in numbers as well as exchange values.
January 13, 2018, 09:12:45 PM
This might be true as users who experienced support mistreatment in other exchanges would tend to find a legit replacement--and binance is the first choice with so many good feedback supporting it. They are doing an incredibly good job considering it just started a few months ago.
January 13, 2018, 07:13:08 PM
Bloomberg got it wrong - Binance claims only 250,000 new users in 24 hours not one hours, followed by Coinbase that claims 100,000 new user a day. And then Kraken that claims 50,000 new users a day.
https://cointelegraph.com/news/binance-bitfinex-bittrex-temporarily-say-no-to-new-users
https://cointelegraph.com/news/binance-bitfinex-bittrex-temporarily-say-no-to-new-users
January 12, 2018, 09:57:38 AM
Good one for them. Nevertheless, this is not just a binance thing, this is general for all the exchanges which is forcing a lot of exchanges to either shut new users out or upgrade their platform to accommodate more users. The crypto world is booming and I have a feelings we are really going to see a huge boom this year than even last year. Binance though has been able to do a great job to attract both old and new users on their platform and I hope they are able to keep up.
January 12, 2018, 09:50:00 AM
Thats nice for them but the website has a lot of problems lately. Would be nice if they could sole this first 
January 12, 2018, 09:48:05 AM
when one of the biggest exchanges (bittrex) started scamming people i clearly foresaw this to happen. all that volume started migrating to other platforms and Binance being a decent trading platform could easily take the market out of their hands.
i have a concern that it is based in China although i see OP saying it moved to Tokyo which might be fine for now. but that doesn't eliminate the risk of them pulling a cryptcy or bittrex on us again.
i have a concern that it is based in China although i see OP saying it moved to Tokyo which might be fine for now. but that doesn't eliminate the risk of them pulling a cryptcy or bittrex on us again.
January 12, 2018, 09:43:00 AM
Binance is doing a very good job of attracting big investors around the world. Personally I like to use Binance because the interface is really smooth and all withdrawals are processed very quickly. I trust Binance and will invest in this exchange for a long time
January 12, 2018, 09:27:58 AM
it means that very soon numerous pumps will take place in Binance.. you will have whole shitrain of shitcoins in TOP30 of CMC
January 12, 2018, 09:21:56 AM
Yes, It's not so easy to hold and support such big volume... especially when it`s growing so fast
Binance does hit the perfect time to fully launch and kudos to their marketing team in promoting their services throughout the digital economy community. Developers of this exchange site did a great job on improving what they are currently lacking among its competitors and I'm amaze on how they handle things smoothly, support big volume of transactions and continuously accomodate new registrant of traders. They truly deserved to be praised. People are getting tired of those old exchange centers such as Yobit, HitBTC and Cryptopia, they only think of the income that their customer brings and don't really have any care about its members.
January 12, 2018, 09:07:23 AM
Binance has been the preferred exchange for most of the users now. It is quite shocking to see a new comer grasp so much of new users within a short amount of time. Other exchanges like Yobit, Hitbtc, cryptopia have not been able to get so much of positive response in such a short time.
Binance is not even 6 months old and yet it got so many new registrations that they had to shut down new registrations for a while to upgrade their systems. I myself made a new account recently when Binance resumed new registrations. I was fortunate enough to create the account with an ease.
The site to be simple enough for a beginner to understand and start trading.
Binance is not even 6 months old and yet it got so many new registrations that they had to shut down new registrations for a while to upgrade their systems. I myself made a new account recently when Binance resumed new registrations. I was fortunate enough to create the account with an ease.
The site to be simple enough for a beginner to understand and start trading.
If it is true than it is remarkable considering its dominance among the all the exchanges exists in the market. Its a huge number to achieve it and I think it could be a strategic move to close the registration for few days and this spread like a wild fire and then all wanted to suddenly open the account there and thus the publicity worked and they started the registration getting this huge response form users.
January 12, 2018, 09:03:53 AM
The growth in Bitcoin's or all other cryptocurrencies' users base is really surprising from last few months. It is probably because of all the news spreading in the world. Whether positive or negative, a news spread everywhere is always noticed by the audience and they probably try to find out more about it. The more people hear that trading cryptocurrencies bring a lot of profits, the more increment is recorded in exchange sign ups as every new person getting into crypto jumps to buy cryptocurrencies as early as possible to stay in the run of getting profits.
January 12, 2018, 08:59:45 AM
Binance has been the preferred exchange for most of the users now. It is quite shocking to see a new comer grasp so much of new users within a short amount of time. Other exchanges like Yobit, Hitbtc, cryptopia have not been able to get so much of positive response in such a short time.
Binance is not even 6 months old and yet it got so many new registrations that they had to shut down new registrations for a while to upgrade their systems. I myself made a new account recently when Binance resumed new registrations. I was fortunate enough to create the account with an ease.
The site to be simple enough for a beginner to understand and start trading.
Binance is not even 6 months old and yet it got so many new registrations that they had to shut down new registrations for a while to upgrade their systems. I myself made a new account recently when Binance resumed new registrations. I was fortunate enough to create the account with an ease.
The site to be simple enough for a beginner to understand and start trading.
January 12, 2018, 08:45:41 AM
All the big crypto exchange platforms are shutting down for new users.Perhaps this pushes the bitcoin price down.I`m wondering where can a brand new crypto investor register and buy cryptocurrencies for the first time in his life?The biggest and most trusted platforms are closed for new people,so the newbies will have to use smaller and not so trusted platforms,and maybe they might got scammed there. 
By the way,i`m pretty sure that 99% of those quarter of a million new Binance users are from China.
By the way,i`m pretty sure that 99% of those quarter of a million new Binance users are from China.
January 12, 2018, 08:41:37 AM
Could be true, Binance has been adding a lot of cryptos lately so it's normal that everyone's choosing this exchange.
But if i'm not mistaken, i read an article where Bitstamp stated that they were getting around 250k new users weekly. We've all seen the massive coverage in the news cryptocurrencies have been getting over the past few months, so it's not surprising that they're getting so many users . I'm pretty sure the massive influx of new users is one of the reasons why the global market cap reached a peak of $830b.
Overall, it seems like not only Bitcoin but cryptocurrencies have finally gone mainstream, which is nothing but good news.
But if i'm not mistaken, i read an article where Bitstamp stated that they were getting around 250k new users weekly. We've all seen the massive coverage in the news cryptocurrencies have been getting over the past few months, so it's not surprising that they're getting so many users . I'm pretty sure the massive influx of new users is one of the reasons why the global market cap reached a peak of $830b.
Overall, it seems like not only Bitcoin but cryptocurrencies have finally gone mainstream, which is nothing but good news.
January 12, 2018, 08:33:03 AM
Yes, It's not so easy to hold and support such big volume... especially when it`s growing so fast
January 12, 2018, 08:17:43 AM
Might as well be true with many exchanges shutting doors for new registrations as they are experiencing high load on their servers and even the trade volumes. It is safe to say that Binance comes in as one of the top 5 exchanges in volume and with the increasing popularity of cryptocurrencies, something like this was expected to happen.
A claim like this, maybe true or not, hits front pages very quickly and catches the eyes of newbies which in turn leads to more attention and registrations on the site. A gimmick like this is sure to work all the time in a news-driven crypto world.
A claim like this, maybe true or not, hits front pages very quickly and catches the eyes of newbies which in turn leads to more attention and registrations on the site. A gimmick like this is sure to work all the time in a news-driven crypto world.
January 12, 2018, 07:24:25 AM
Binance CEO Claims a Quarter of a Million New Users in One Hour
Binance trading volumes in the last 24 hours totalled almost 6 billion USD.
In an interview with Bloomberg television, the CEO of Binance revealed the flabbergasting extent of demand for cryptocurrency trading.
Learn how to buy Bitcoin and Ethereum safely with our simple guide!
Discover credible partners and premium clients at China’s leading finance event!
Binance is the world’s biggest cryptocurrency exchange. Founded in China, it recently relocated to Tokyo after its native government banned cryptocurrency exchanges. On the fifth on January, a message appeared on its site informing users that it was temporarily disabling user registration “due to the overwhelming surge in popularity”.
In an interview with Bloomberg, CEO Zhao Chanpeng said that after re-opening registration, 240,000 people registered in one hour, “so we’re growing basically by a couple of million every week”.
Binance took its first breaths about 5 months ago, and it was just after Christmas that it announced having reached 3 million users. Yesterday it announced 5 million. According to Coinmarketcap, it is the most heavily used cryptocurrency exchange in the world right now, processing $5,851,344,587 in the last 24 hours alone.
More https://www.financemagnates.com/cryptocurrency/news/binance-ceo-claims-quarter-million-new-users-one-hour/
Binance trading volumes in the last 24 hours totalled almost 6 billion USD.
In an interview with Bloomberg television, the CEO of Binance revealed the flabbergasting extent of demand for cryptocurrency trading.
Learn how to buy Bitcoin and Ethereum safely with our simple guide!
Discover credible partners and premium clients at China’s leading finance event!
Binance is the world’s biggest cryptocurrency exchange. Founded in China, it recently relocated to Tokyo after its native government banned cryptocurrency exchanges. On the fifth on January, a message appeared on its site informing users that it was temporarily disabling user registration “due to the overwhelming surge in popularity”.
In an interview with Bloomberg, CEO Zhao Chanpeng said that after re-opening registration, 240,000 people registered in one hour, “so we’re growing basically by a couple of million every week”.
Binance took its first breaths about 5 months ago, and it was just after Christmas that it announced having reached 3 million users. Yesterday it announced 5 million. According to Coinmarketcap, it is the most heavily used cryptocurrency exchange in the world right now, processing $5,851,344,587 in the last 24 hours alone.
More https://www.financemagnates.com/cryptocurrency/news/binance-ceo-claims-quarter-million-new-users-one-hour/
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