Binance is open once again to new user registrations, after initiating a complete ban that blocked anyone trying to sign up for an account on the popular exchange.
The company first decided to block users in order to upgrade its servers and fix a number of bugs that made it difficult to trade.
At this point, Binance says it will only accept a limited number of new registrations each day. Registration times will be random and unannounced.
#Binance Re-opens Limited User Registrations and Adjusts Referral Program Terms#cryptocurrency https://t.co/NpVUq2VjpO
— Binance (@binance) January 8, 2018
Binance is not alone in its struggles to handle the surge in traffic. In recent weeks, Coinbase, Gemini, Kraken, Bittrex, KuCoin and others have all buckled under the demands.
Bugs range from 2FA failures, web pages not loading, asset amounts not displaying, and trades and transfers not executing. A clogged Ethereum network has compounded many of these issues. Despite the problems, new money continues to pour into this highly speculative space, pushing the total cryptocurrency market cap past $700 billion, as investors support disruptive blockchain technologies.
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