Crypto Fever: Binance Sees Higher Order Volumes Than 2017 Bull Run

Marco Verch / Flickr

The world again appears to have crypto fever as investors are beginning to adopt a more aggressive approach now that the market is starting to break out of its year-long funk.

Interest in trading cryptocurrencies is so high that Binance, the world’s largest crypto exchange, is struggling to keep up with the user load.

According to a recent post by CEO Changpeng “CZ” Zhao, the exchange is experiencing order volumes that surpass the amounts seen during the height of the 2017/2018 bull-run that brought Bitcoin (BTC) to $20,000.

Notably, the amount traded in terms of USD is only one-third as high, largely due to the lower values of many of the cryptocurrencies.

These revelations came as investors reported issues on the platform during mid-day trading on Thursday, including problems with market orders and withdrawals.

More: Binance IEO Coins See Massive Surge in Investor Interest
Image: Marco Verch / Flickr

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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