[Binance Has Quadrupled the Number of Users]

The digital money market has suffered many negative impacts over the past few months, and as a result many investors have begun to withdraw from the market and withdraw their investments. Binance, one of the biggest crypto money markets, showed a big improvement despite all these negative developments, aside from downsizing.

Binance, one of the world's largest crypto-currency exchanges, announced that its number of users in its statement increased four times compared to the beginning of 2018. There are approximately 9 million users in the stock market, which has approximately 2 million users in January.

Although there was a huge increase in the number of users, this did not affect the company's balance. The decline in the crypto money market caused the trading volume of the stock exchange to decrease. In the first quarter of 2018, this figure fell to around $ 150 million, while Binance had a profit of about $ 200 million in the last quarter of 2017. According to Binance's statement, the stock market had a trading volume of about $ 1.4 billion per day between the first quarter of 2018 and the last quarter of 2017. If Binance opens up a pair of nominal currencies in the near future, there will be a significant increase in trade volume. Until now, only trade between crypto units has been possible through Binance. The fact that the money goes into the trade alternative will affect the volume of the stock exchange moderately.

The announcement that Binance will start presenting the nominal money pairs to the market came with the fact that the Hong Kong based company would open an office in Malta. Malta has recently become the "Blockchain Island" of Europe and has begun to attract the attention of many digital money exchanges.