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January 8, 2018

Binance Allowing New User Registrations, Sort of

By Daily Hodl Staff

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.

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At this point, Binance says it will only accept a limited number of new registrations each day. Registration times will be random and unannounced.

Despite opening its doors to new customers today, Binance is still intermittently grounded.

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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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.