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PR Newswire
18-08-2018, 10:05 PM
Hong-Kong based cryptocurrency exchange Binance is growing at an immense pace. According to a monthly report released by the exchange on its Medium page, Binance now has 7.9 million “total and registered” users.
This figure is mind-blowing on its own, especially when we realize that Binance’s competitors in the top 5 of the Coinmarketcap pyramid hold a similar number of users. However, it’s even more astonishing when compared to the population of Hong-Kong. According to a census conducted in February by the Chinese government’s bureau of statistics, the special autonomous region has 7.4 million residents.
Another interesting factor is the period of time during which Binance, which was founded in September 2017, managed to reach this number of users. According to the report, the vast majority of its clientele – almost 7 million people – were on-boarded in only 97 days. This rapid pace appears more reasonable when we look at it in the context of the exchange’s peak periods. According to an interview given by Binance CEO Zhao Chanpeng back in January, the exchange attracted a quarter of a million new users in one hour after reopening registration after a brief break.
Here are the Pros and Cons Of Binance Exchange:
https://www.linkedin.com/pulse/pros-cons...ian-owino/
This figure is mind-blowing on its own, especially when we realize that Binance’s competitors in the top 5 of the Coinmarketcap pyramid hold a similar number of users. However, it’s even more astonishing when compared to the population of Hong-Kong. According to a census conducted in February by the Chinese government’s bureau of statistics, the special autonomous region has 7.4 million residents.
Another interesting factor is the period of time during which Binance, which was founded in September 2017, managed to reach this number of users. According to the report, the vast majority of its clientele – almost 7 million people – were on-boarded in only 97 days. This rapid pace appears more reasonable when we look at it in the context of the exchange’s peak periods. According to an interview given by Binance CEO Zhao Chanpeng back in January, the exchange attracted a quarter of a million new users in one hour after reopening registration after a brief break.
Here are the Pros and Cons Of Binance Exchange:
https://www.linkedin.com/pulse/pros-cons...ian-owino/