Binance.com is adding “a couple of million” registered users every week, with 240,000 people signing up in just an hour on Wednesday, Chief Executive Officer Zhao Changpeng said in an interview with Bloomberg Television. Demand is so high that the company is limiting new customers, he said, though Binance may fully reopen in the coming weeks.
“We did not expect this kind of growth to be honest,” Zhao said from Tokyo on Thursday.
Binance was the world’s most active crypto exchange over the past 24 hours, according to Coinmarketcap.com, hosting $6.1 billion worth of digital currency trades. The most popular asset was Tron, which accounted for 12 percent of volume.
Zhao said his average customer was male and aged 25-35, though Binance is “beginning to get a lot of interest from institutional investors.”
The Binance CEO knows what he is talking about. It is really difficult for the bellicose banking elites and old financial warlords to understand blockchain and the power of crytptos. As the old saying goes, you can't teach an old dog new tricks. How true is this statement!!!!