Tuesday, January 9, 2018

Cryptocurrency market expanding by 100,000 new customers per day opening accounts

Whatever eventually manifests within the cryptocurrency market, and even whichever cryptocurrencies last through the long haul, the fact is that it appears this sector is definitely here to stay.

And like the Starbucks or Krispy Kreme franchises between 2004 and 2008. which saw exponential growth in that four to five year time span, cryptocurrency exchanges are experiencing this same type of growth as now an estimated 100,000 new accounts are being opened by investors...

Per day.

Major Bitcoin and cryptocurrency trading platforms within the global market have been adding more than 100,000 users per day. 
Many of the leading cryptocurrency exchanges such as Coinbase (GDAX), Binance, BittrexBitstamp and Kraken have struggled in dealing with the abrupt surge in demand for cryptocurrencies. Some exchanges have overhauled their systems to improve their scalability, while others have temporarily stopped opening new user accounts. 
Unexpected growth rate 
This week, Changpeng Zhao, the founder and CEO of Binance, the global market’s largest cryptocurrency exchange with a staggering $9.5 bln daily trading volume, revealed that it has added more than 250,000 users on a single day. – Coin Telegraph
Yet while more investors and more money still remains in traditional investments such as stocks and bonds, it is fair to say that the explosive levels of growth in the cryptocurrencies are likened to the mania's of 1929 and 1999, where now even the shoeshine boys and Uber drivers are getting in on the action. 

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