The largest cryptocurrency exchange in the world by trading volume, Binance, continues to see explosive growth in spite of price reductions across the market earlier this week. The company added 240,000 users in just one hour on Wednesday Jan. 10, surpassing all previous growth records.
Binance’s record growth this week is taking place in spite of drops across the markets, and negative comments from traditional investment moguls like Warren Buffet.
In response to Buffet’s pessimistic comments on the crypto market, Binance CEO Zhao Changpeng told Bloomberg in an interview Jan. 11:
“Warren Buffett is a guy I truly respect from an investment point of view. But I do not think he understands cryptocurrencies at all. It is what it is. I still respect him in other parts of his expertise. But I think on cryptocurrencies he’s making a big mistake.”
Zhao himself is even surprised by Binance’s growth, saying in the interview that the company had not expected the explosive numbers Wednesday. The company has hosted almost $5 bln in cryptocurrency trades in the past 24 hours to press time…