Binance has become the world’s largest exchange. The business is now spread across Taiwan and Hong Kong, but have customers world-wide.
According to Binance’s CEO, Zhao Changpeng, although they are currently paused for new accounts, they opened the window for one hour and received 240,000 new accounts! Prior to pausing new accounts they were obtaining two million new accounts per week!
That is proof positive that the Innovator phase has ended and that we are now experiencing a tsunami of early adopters. I think that the pause in Cryptos is very much tied to the pause in the exchanges. They need to catch up, and once they do, I believe we’ll see the tsunami resume.