Every day cryptocurrencies are becoming increasingly popular. The desire of people to buy crypto-currencies is so great that the leading cryptocurrency exchanges and exchangers are no longer able to meet this demand.
Yesterday, a team of cryptocurrency exchange Binance stated that:
Because of the huge growth in popularity, Binance will have to temporarily disable new user registration to provide the infrastructure update. We apologize for any inconvenience.
Cryptocurrency exchange Binance was launched just six months ago, she confidently climbed to the top of the rankings by trading volume, according to CoinMarketCap. In the last 24 hours, total volume amounted to more than 8.5 billion dollars.
Technical challenges for technology companies – business as usual. However, in cryptocurrency termination of registrations of new users is becoming a mass phenomenon.
In mid-December Bittrex suddenly closed its platform for new users, citing the “huge number of new accounts over the last few weeks.”
We are very happy that we have so many new users that want to join Bittrex. Unfortunately, this forces us to make some updates to our backend and support system to handle such a flow.
Thus, we are suspending new user registrations at the moment. If you already have an account at Bittrex, this change will not affect you. We will inform you about when registration becomes available again.
Three weeks later, Bittrex has still not made an announcement on when registration new users will be available.
Coinbase – the leading exchanger in North America is also experiencing a number of technical problems throughout December.
The same goes for Kraken and Bitfinex, both of which are also dealing with a bunch of users complaining about non-working services and slow transaction.