For some weeks, almost all major online retailers have been struggling because, given the flood of new users, they are not completing the processing of incoming orders. The three online venues Binance, Bitfinex and Bittrex have pulled the handbrake. There will be no further registrations possible until further notice.
Binance recently reported a daily increase of up to 250,000 new users seeking to trade cryptocurrencies there. According to Coinbase, it was about 100,000 per day and 50,000 new users per day at Kraken. The flood of registrations brings the providers far beyond their technical and technical limits. Coinbase and Kraken already reported performance problems in the previous year due to the huge influx of visitors. For the gigantic interest is the soaring of the BTC rate, as well as the frequent mention in the media and last but not least, the issue of Bitcoin futures in several US trading venues responsible.
Kraken announced in mid-December, considering 10,000 new tickets daily to stop the telephone support. The users were already prepared to expect technical delays and problems in retailing. Several vendors announced a review and review of their trading venues in order to better prepare for the flood and continue to ensure full security for all users. Bittrex has also stopped accepting new accounts in mid-December. First, you have to improve the backend and expand the in-house support to continue to ensure a smooth transaction. Tether rejected new accounts in November of last year, as in the course of the hack balances in the value of about 31 million US dollars was stolen.
Even with Bitfinex and Binance now the emergency brake was pulled. In the future, Bitfinex wants to focus on professional traders who have a higher trading volume and do less work for the portal. You do not want to burden your own system with countless small traders, it is said there. At Bitfinex, the gates open in mid-January, Binance has not set a time limit from when new users can log in again. Competitor Kraken has been upgraded several times during the last weeks. The website and API have not been running smoothly since the last upgrade last Saturday.
