Binance gained 9 million users and introduced support for trading pairs with Ethereum Classic
Exchange Binance, intraday trading volume on the site which is $1.4-1.5 billion in the first quarter of 2018, received a profit of $150 million Recently, the exchange has passed another milestone: the number of its users reached 9 million About Bloomberg told the head of the company Chanpen Zhao. This is an outstanding achievement for Binance, after just six months the number of clients increased more than four times: in January there were only 2 million By mid-March the number of users exceeded 7 million.
However, the massive influx of users led to problems. For example, one user of the exchange said on Reddit, which recently became the victim of thieves who stole his bitcoin for $50,000. However, the guilt of the exchange it was not because the hackers gained access to the media user via his SIM card.
Paying attention to this episode, Zhao tweeted that the responsibility for the safety of funds is not only a server, i.e. exchange, but the client and urged users to get acquainted with the safety rules.
A record number of cryptocurrency trading pairs allows Binance to play the first fiddle among exchanges. Recently, she was included in the listing Ethereum Classic (ETC) — a coin resulting from hard forks of the blockchain of Ethereum. The exchange has added two currency pairs with the token ETC: ETC/BTC and ETC/USDT.
Coinbase also announced plans to include in its listing Ethereum Classic, but this will only happen in a few months. The announcements of two exchanges led to a rapid rise in the price of coins — 25% for half an hour.
In addition, Binance informed the users about the future of the swap core network Tron (TRX) and the emergence of new trading pairs — TRX/USDT.
Finally, the exchange intends in a few months to introduce a new trading pair for cryptocurrency and Fiat that will be possible thanks to the branch in Malta, where the Playground has already opened a local Bank account.