During a conversation at the May 12 consensus event, Changpeng Zhao, CEO and founder of Binance, said the major cryptocurrency exchange is seeing an increase in user registrations.
Zhao pointed out New records amid the halving of Bitcoin (BTC) have recently reached the level most recently reached at the peak of the bullish rally in 2017.
“New user registrations are recovering very aggressively, much like getting closer to the numbers [de nuevos usuarios] generated in 2018, “said Zhao.
New user registrations are growing “aggressively”
Binance’s CEO also noted that the exchange’s customer service department received a large number of requests indicating a high level of activity between new or occasional users, including requests from “new users depositing at wrong addresses” and “many.” older users who reset their passwords “after a long period of inactivity.
“All of these signs are very clear, the level of activity is definitely much higher than it was three or four months ago,” added.
Catherine Coley on Binance.US 8 months after launch
Catherine Coley, CEO of Binance.US, later took part in the meeting to discuss the progress of the Binance exchange in the United States about eight months after its launch.
Coley stressed that the industry had seen “the beginnings of Binance.U.S” and said:
“We were able to license and build on the technology that Binance can provide worldwide, but at an earlier level. So at the moment, we only have the bottom line: being able to easily buy cryptocurrencies, bring order to the market, or limit orders. “
Binance.US continues to search for regulations
“Our focus is primarily on education and then on being able to offer the lowest rates across the United States to really reduce people’s entry barriers.” […] Therefore, we are still at an early stage in terms of the products that we offer to our users in the United States. USA, “said Coley.
“In America, it’s just a long process to do all regulatory compliance work.” Zhao added. “Hopefully we will get there and further enrich the product.”
Coley also noticed the launch of Binance.US on May 11th of OTC trading services.