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Newsflash: Binance Exchange Disables New User Registrations by elite.skeete

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· @elite.skeete · (edited)
Newsflash: Binance Exchange Disables New User Registrations
https://news.bitcoin.com/wp-content/uploads/2018/01/Untitled-design-3-1068x1068.jpg

Anyone still sitting on the fence and considering whether to jump on the runaway cryptocurrency train way wish to make a move, because another door just slammed shut, reducing the number of on-ramps. The popular Binance exchange is no longer accepting new traders.

No Binance For You
https://news.bitcoin.com/wp-content/uploads/2018/01/Binance-300x300.jpg
Binance exchange has announced today the immediate suspension of client registration. The company informed all prospective clients about an hour ago that: “Due to the overwhelming surge in popularity, Binance will have to temporarily disable new user registrations to allow for an infrastructure upgrade.”

The popular trading venue thus joins the growing list of major bitcoin exchanges no longer open for servicing new clients. As previously [reported](https://news.bitcoin.com/bitcoin-exchanges-closing-doors-new-traders/), CEX.IO, Bitfinex, and Bittrex have all announced similar difficulties with handling the massive influx of new business resulting in a halt of registrations. Other exchanges such as Kraken have also reported this situation is causing severe operational difficulties.

Binance Who?
https://news.bitcoin.com/wp-content/uploads/2018/01/BINANCE1-300x300.jpg
For anyone living under a rock for the past five months, Binance is the hottest cryptocurrency exchange at the moment. It recently proclaimed to have become the largest crypto trading venue in the world by volume with $2.8 billion traded daily, according to data from Coinmarketcap. The company also recently stated it reached 2.9 million users on the platform since its launch in July of 2017.

The Hong Kong based exchange has a global offering and supports multiple languages including English, Japanese, Chinese, Korean, Russian, Spanish, French and German. It also offers instant exchanging between 96 different cryptocurrencies and bitcoin, ethereum, tether (USDT) and its own native BNB token.

While the team behind Binance attribute its rapid growth to its service, technology, and affiliates (members of the ‘Binance Angel Program’), the word on the street is that its relatively lax client verification procedures don’t hurt either. Whatever the case, this pace is obviously no longer sustainable for the company without an upgrade to its infrastructure.

Source: [News Bitcoin](https://news.bitcoin.com/binance-exchange-disables-new-user-registrations/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications)
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@aitbilal ·
Nice poste thank you
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@brettcalloway ·
Sucks!
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@elite.skeete ·
$0.17
Yeah it does.
👍  ,
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vote details (2)
@elite.skeete · (edited)
$1.11
This is bad news for sure but there is some good news. [Kucoin](https://www.kucoin.com/#/?r=1MuwR) exchange is still accepting registrations and in many ways it is better than binance in my oppinion. Register [here](https://www.kucoin.com/#/?r=1MuwR)
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@ginquitti · (edited)
Make sure to read this. It is important so you know what is happening. I’m not saying this is 100% the reason though because i dont know

“Actually, this may be due to the issue with intel and their chips. It is affecting many businesses and pretty much all computers and phones. It allows for hackers to get access. So this may be in response to that issue and they are trying to make upgrades to their systems. Updates will be coming out for computers and phones shortly to help try to patch the hole. Look into it for yourself. The timing is suspicious to me for these exchanges to suddenly stop accepting people. Why would a company reject business?
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@pbgreenpoint ·
$1.39
Big fan of Kucoin. I'm expecting big things. I love the fact that you get a variety of cryptos daily. Makes diversifying very easy.
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@ginquitti ·
$0.20
Actually, this may be due to the issue with intel and their chips. It is affecting many businesses and pretty much all computers and phones. It allows for hackers to get access. So this may be in response to that issue and they are trying to make upgrades to their systems. Updates will be coming out for computers and phones shortly to help try to patch the hole. Look into it for yourself. The timing is suspicious to me for these exchanges to suddenly stop accepting people. Why would a company reject business?
👍  ,
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@newsdesk ·
$0.20
That is a worrying but good point
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@newsdesk ·
$0.20
Thanks for the update
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@steembig · (edited)
$0.10
Not cool, I heard about this!
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@elite.skeete ·
$0.19
Yeah it really sucks i was hoping to get some more referrals.
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@steembig ·
Its okay some times one door shut just to get you where you belong.
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@steemcleaners ·
$2.83
Copying/Pasting full texts without adding anything original is frowned upon by the community. 

These are some tips on how to share content and add value:
- Using a few sentences from your source in “quotes.” Use HTML tags or markdown ">" before the quote.
- Linking to your sources.
- Include your own original thoughts and ideas on what you have shared.
- The quotes should not cover more than 50% of the whole post. At least 50% of the content should be original.

Repeated copy/paste posts could be considered spam. Spam is discouraged by the community, and may result in action from the [cheetah bot](https://steemit.com/steemitabuse/@cheetah/cheetah-bot-explained).

If you are actually the original author, please do reply to let us know!

Thank You!

More Info: <a href="https://steemit.com/steemcleaners/@steemcleaners/abuse-guide-2017-update">Abuse Guide - 2017</a>.
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@elite.skeete ·
$1.25
I put my source. And the cheetah bot didn't even show up on this post. Why am i being downvoted so much recently?
👍  
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@logic ·
Hi, I think that the above comment is self-explanatory.

>Copying/Pasting full texts without adding anything original is frowned upon by the community.

It appears that almost all posts that you have published on your blog for months is just copypasta with zero original content added.

Also, I have noticed major rape of reward pool by self upvoting own comments. This, probably, should be dealt with accordingly too.
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@vinmaru · (edited)
$0.02
@elite.skeete

Actually, this is a good problem to have.  While it may suck temporarily that they can't register new users... after the upgrade Binance will become much bigger.   The bigger it gets, the harder it will be for gov't to shut them down, also being in Hong Kong helps and they could remain the biggest crypto exchange in the world.

This is also great for people who have an account on Binance, they have access to buy and sell different cryptos which aren't on most other exchanges yet, gives these early crypto buyers a better entry point than people on other exchanges.   Binance also has it's own Token BNB, it's over $9.00 right now and back in the summer it was less than one dollar.  The coin has had a great run, but if Binance continues to grow it's user base and keeps fisrt mover advantage on adding new cryptos, then the BNB can and will continue to rise, and so will the market Cap which is currently at $933M.   GO BINANCE GO....
👍  
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@ginquitti ·
This is a copy of a comment i made directly to the poster. Please check it out. This could be a huge issue.

“Actually, this may be due to the issue with intel and their chips. It is affecting many businesses and pretty much all computers and phones. It allows for hackers to get access. So this may be in response to that issue and they are trying to make upgrades to their systems. Updates will be coming out for computers and phones shortly to help try to patch the hole. Look into it for yourself. The timing is suspicious to me for these exchanges to suddenly stop accepting people. Why would a company reject business?”
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@vinmaru ·
Right now it's all speculation, but I have heard of this vulnerability in the processor chip and it could be the reason why the exchanges need to upgrade.  But, if that is the case, then all industries and computers must upgrade and we haven't seen them have a temp shut down during the upgrade process, I also hear this will slow down processors, especially on older computers.
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curator_payout_value0.000 HBD
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promoted0.000 HBD
body_length378
author_reputation335,152,903,920
root_title"Newsflash: Binance Exchange Disables New User Registrations"
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percent_hbd10,000
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