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January 06, 2018, 02:38:13 AM |
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The year 2017 has been incredibly positive for most cryptocurrency Bokers. All platforms saw their user base grow, which is always a positive result.
At the same time, it also means that these companies need to start updating their infrastructure sooner or later. Otherwise, they will suffer degraded services, such as Kraken and Coinbase. Binance is stopping new user registries due to the overwhelming influx of new merchants.
In a way, it's good to see that exchanges stop new user records in advance. More specifically, if the infrastructure is taxed too much, things will deteriorate rather quickly. Companies like Kraken and Coinbase know very well how things can get out of hand.
Binance wants to stay ahead of the curve at all times. To do so, new users are not accepted until an internal update has been completed. An intelligent decision of the company, since it will avoid unnecessary friction.
Important: Quiet, this closing is temporary while doing an update to manage a higher volume of users. Official source of Binance.
A big step forward for Binance
While this is not a popular decision, it makes a lot of sense. At the moment, all services will remain operational. New users will simply have to wait until the infrastructure update is complete. For now, we do not know how long this will take.
The popularity of Binance should not be underestimated in any way. It has quickly become one of the most popular Altcoin exchanges in the world. That popularity will only increase even more if they continue to provide an optimal service.
Binance is the largest cryptocurrency trading platform in the world. Its daily volume has exceeded $ 2.5bn, which is quite impressive. It just makes sense to implement the necessary updates at such a critical time. After all, if the company had problems, its reputation would have a big impact. It is always better to climb in advance, instead of waiting for problems to arise. There is still a growing demand for cryptocurrencies, which is quite evident.
Such rapid growth in the cryptocurrency world is unprecedented. After all, things were going very well until mid-2017.
Since it feels like we are in a new era of gold rush. Everyone wants to demand exchanges and buy cryptocurrencies. A positive development, assuming that companies can scale fast enough.
It remains to be determined whether Binance will succeed in doing so or not. Its course of action certainly hints at a positive future in this sense
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