In a single hour, Binance added 240 000 new users!

Whatever Binance did to enhance capacity, it's working.

The service was able to stay up and running despite being hammered with a quarter of a million new users in a single hour.

Binance is a Hong Kong-based cryptocurrency exchange that currently has the largest trading volume of any such exchange in the world. It offers trading pairs with BTC, ETH, USDT and, uniquely, with BNB, or BinanceCoin. The BinanceCoin can also be used for trading fees, making this one of, if not the cheapest exchange for trading (correct me if I'm wrong!). At 0.05% per trade using the BinanceCoin, trades on the exchange are very affordable.

With such a throng of new buyers on Binance, you can expect that, over the long term, the BinanceCoin makes for a good investment. Traders will buy the BinanceCoin as a way of saving on fees, but may also accumulate the coin, causing an increase in its value that should be accelerated by a growth in its user base.

The exchange has continued to run smoothly despite the large influx of new users. Share your experience with Binance here!

*This is not professional trading advice - just my opinion!

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