Binance Faced Record System Load Against The Background Of Sharp Bitcoin Drop
Some users of the world’s largest crypto currency exchange Binance could face ui delays when the crypto currencies dropped sharply yesterday.
“We seen ATH for trading system load about an hour ago, some users experienced ui delays during system auto scaling. Still improving”, said The exchange’s CEO in his Twitter.
Twitter’s user Crypto Lover complained of losses. Responding to him, CryptoGringo said that it’s better to set orders before volume spikes.
Exchanges were loaded almost to the same extent in the second half of January, 2018, when the market capitalization hit its maximum and bitcoin rate was much higher than now.
It is interesting that Tether USD (USDT) trading volume exceeded Bitcoin’so one.
Yesterday, on February, 24th, Bitcoin was traded above $4100, but soon its price suddenly dropped to $3800 without any fundamental reason. The drop of the first crypto currency led to altcoins drop, many of them lost more than 10%.