Cryptocurrency trading reached a crescendo yesterday with total trade volume reaching an all-time high, topping $835 billion. The world’s major cryptocurrency exchanges were forced to shut up shop to new customers as the massive surge swamped their systems.
The top exchange in the world, Binance, has recorded over a quarter of a million account registrations in a single day, according to founder and CEO Changpeng Zhao, who apologized for the suspension in an official company statement.
The world’s number two exchange by trade volume, Bithumb, remains open for registration at the moment. It is marketed more towards the South Korean market and often has much higher trade prices for cryptocurrencies than other exchanges, which could deter new signups!
