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Over Usage Gives Binance Some Issues - Bull Run Around the Corner?

 
Over Usage Gives Binance Some Issues - Bull Run Around the Corner?
Exchanges / Breaking News

There’s been a lot of activity in the markets over the past week and this week is no exception. Specifically, there’s been higher activity in the market because the biggest exchange in the world, Binance recorded some massively big levels of order volumes on 22nd May.

Altcoin activity

Aside from the recent dump in the market, altcoins were making some big moves in the market. According to Changpeng Zhao (CEO of Binance), the exchange has been seeing a high number of orders as if it was the late-2017 bull run.

CZ said in a tweet:

“We are seeing much higher order volumes (number of orders) than Dec 2017/Jan 2018 (the peak)... Trade (not order) volume in USD is 1/3 of the peak, but BTC price is 1/3 and ETH price is only 1/5 of the last peak, most other main alt prices are even lower.”

The large number of users caused some difficulties for the exchange yesterday with CZ tweeting:

Some users actually recorded losses because of the amount of users on the exchange.

Others saw the excitement in this over usage of Binance. One user said:

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