Binance has surpassed another milestone by adding nine million users to its platform, as revealed to Bloomberg by the firm’s CEO Zhao Changpeng. This is a huge achievement for the exchange as in mere six months, the number of registered users increased more than four times from mere two million in January.
The exchange already crossed , which Finance Magnates reported earlier.
However, the massive addition of users also led to an increase in customer issues with the exchange’s services. According to a Reddit user, he was the recent victim of a crypto theft which cost him $50,000 worth of cryptocurrencies. However, it was not the exchange’s fault as the victim was subjected to a SIM swap hacking technique.
Highlighting this case, Zhao also tweeted and asked the users to learn about security measures.
Interesting discussion/read. Many people think of security as a simple server side issue. Client side security is just as important. Make sure you learn about security.
— CZ (@cz_binance)
More pairs with more users
Binance maintained its apex position among the exchanges by offering a massive list of crypto trading pairs. Recently, it listed Ethereum Classic (ETC), a coin created by splitting Ethereum’s blockchain. The exchange added two ETC trading pairs – ETC/BTC and ETC/USDT.
Adds /BNB and /USDT Trading Pairs
— Binance (@binance)
Apart from Binance, base also announced its intention to list ETC in a few months. Both this announcements, led to a massive surge in the coin’s value as it spiked around 25 percent in mere half-an-hour.
Moreover, the exchange also noticed its users about the upcoming Tron (TRX) mainnet swap along with the introduction of a new TRX trading pair – TRX/USDT.
The exchange is also planning to introduce in a few months via its new base at Malta and has already opened an account with a local bank.
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