The Binance exchange, due to its growing popularity and very low transaction costs, has an increase of more than 20,000 new users daily. This led to technical difficulties.
“Due to the overwhelming increase in popularity, Binance is forced to temporarily suspend new user registrations in order to upgrade its infrastructure,” Binance writes in its Twitter
Likely an exchange whose engine can handle up to 1.5 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 by the end of December of the same year, its servers served more than three million accounts.
According to https://twitter.com
You May Also Like
Law enforcement officials identified Bitfinex hackers in 2016
The Department of Justice (DoJ) has seized a record $3.6 billion in Bitcoin that was stolen in the Bitfinex hack in 2016.
Jack Dorsey presented a whitepaper for a “decentralized” exchange
The founder of Twitter and Square released a whitepaper for the decentralized Bitcoin exchange tbDEX. Unlike other DEXs, tbDEX will not have its own governance token.
