Binance exchange is closing their doors

Marcin Iwański
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Hard times are coming for cryptocurrency enthusiast – this time for real.

Another digital assets exchange closed their registration, maybe it is time to reconsider cryptocurrency future?

What is Binance?

Binance is the most popular cryptocurrency exchange right now. Other day announced that they are the largest digital assets trading group in the crypto-world with almost $9 billion market cap, according to Coinmarketcap. Another big number is users, recently Binance stated that they’ve reached 2.9 million users since the start in mid-2017.
Binance supports multiple languages, such as English, Japanese, Russian, Spanish and French. Focusing on Hong Kong exchange market, Binance offers almost 100 different cryptocurrencies instant exchanging, including Bitcoin, Ethereum and also their own Binance Coin (BNB).

Binance or Bi-NO-nce

Today Binance Exchange closed their registration, as they announced: “Due to the overwhelming surge in popularity, Binance will have to temporarily disable new user registrations to allow for an infrastructure upgrade.” Another big player joins a group of bitcoin exchange markets such as Bittrex, Bitfinex and CEX.IO that closed registration. Reasons are well known, a massive flood of new business. Similar difficulties has also Kraken, which reported operation difficulties earlier.

 

 

Photo from quebecnewstribune.com

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