The world's largest trading cryptocurrency exchange by volume, Binance, continues to experience explosive growth . The company added 240,000 users in one hour on Wednesday, Jan. 10, surpassing all previous growth records.

Binance's record growth this week takes place despite market declines and negative comments from traditional investors like Warren Buffet

In response to Buffet's pessimistic comments on the crypto market , Zhao Changpeng, CEO of Binance, told Bloomberg in an interview on January 11:

"Warren Buffett really respect from the investment point of view.But I do not think that He understands cryptocurrencies at all, that's what I always respect him in other parts of his expertise, but I think that on cryptocurrences he makes a big mistake

Zhao himself is even surprised by the growth of Binance, claiming in the interview that the company did not expect explosive figures on Wednesday. The company has received nearly $ 5 billion in cryptocurrency transactions over the past 24 hours to press the time.

The exchange temporarily closed new listings last week, undergoing an upgrade to allow higher volumes. to limited numbers.

Other industry insiders view Binance's success as a general sign of growing market and increasing adoption. Gregory Van den Bergh, co-founder and CEO of MiCai, a wealth management firm based on Blockchain, told Cointelegraph:

"We are just at the beginning of the curve of adoption of crypto. Binance and other crypto exchanges are always at the service of early adopters crypto. The next phase of adoption will come from the 30 billion dollars that are currently actively managed on behalf of high net worth individuals around the world.

Bitcoin continues to trade lower that day, and at press time the average trade price was $ 14,123, up almost 4% a day.