The largest currency exchange in the world in terms of trading volume, Binance , continues to show rapid growth, despite the decline in prices in the market earlier this week.
By the number of new registered users, the company exceeded all previous growth rates.
This week, Binance’s record growth continues despite some market downturns and negative comments from traditional investment magnates such as Warren Buffett .
In response to Buffett’s pessimistic comments on the cryptology, the head of Binance, Zhao Chang-peng stated:
“Warren Buffett is a man whom I really respect in the investment sphere of activity. But I do not think that he understands crypto-currencies in general. It is what it is. I still respect him in other areas of his work. But I think that in the case of crypto currency, it makes a big mistake. “
Zhao himself was even surprised by the growth of Binance, saying in an interview that the company did not expect such explosive indicators. Over the past 24 hours, the company has accepted almost 5 billion dollars of crypto-currency transactions.
Last week, the exchange temporarily closed new registrations, during its renovation, to provide higher volumes, and since then reopened them with some restrictions.
What is the reason for such a rise?
Other industry representatives believe that the success of Binance is a common sign of growth in the market and growing acceptance. Gregory van den Bergh , co-founder and CEO of MiCai, a company managing the state of the blockbuster, said:
“We are at the early stage of the curve of perception of the Crypto-currency. Binance and other crypto currency exchangers still serve those who were the first to begin to perceive crypto-currencies. The next stage of adoption will come from 30 trillion dollars, which are now actively managed on behalf of the richest people around the world. “