RATE Group | New User Registrations on Binance Approach All-Time High Amid Bitcoin Halving
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New User Registrations on Binance Approach All-Time High Amid Bitcoin Halving

12 May New User Registrations on Binance Approach All-Time High Amid Bitcoin Halving

Posted at 13:50h in Bitcoin News by

During a fireside chat as part of Consensus: Distributed on May 12, Changpeng Zhao, the chief executive and founder of Binance, said that the top cryptocurrency exchange is seeing a spike in user registrations.

Zhao noted that new registrations amid the Bitcoin (BTC) halving have recently approached levels last witnessed at the peak of the 2017 bull run.

“The new user registrations are picking up very aggressively, like getting close to the sort of [new users] generated under 2018,” Zhao said.

New user registrations increase “aggressively”

Binance’s CEO also noted that the exchange’s customer support department is receiving a high volume of requests that are indicative of high levels of activity among brand new or casual users, including requests from “new users depositing into wrong addresses,” and “a lot of older users resetting their passwords” after long periods of inactivity.

“All of those indications are very clear, the activity level is definitely much higher…

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