The largest cryptocurrency exchange in the world by trading volume, Binance, continues to see explosive growth in spite of price reductions across the market earlier this week. The company added 240,000 users in just one hour on Wednesday Jan. 10, surpassing all previous growth records.
Zhao himself is even surprised by Binance’s growth, saying in the interview that the company had not expected the explosive numbers Wednesday. The company has hosted almost $5 bln in cryptocurrency trades in the past 24 hours to press time.
The exchange temporarily closed new registrations last week while undergoing an update to allow for higher volumes, and has since re-opened them to limited numbers.
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