CEO of Binance spoke about the system load his exchange saw on Sunday in a recent tweet, noting that the delays occurred during the system’s auto-scaling.
This bout of weekend volatility has been driven by increased trading volumes, which have climbed from weekly lows of $6.5 billion to their current levels of nearly $11 billion.
This sudden surge in trading volume led Binance’s systems to face delays as they incurred an all-time-high trading system load earlier today.
Changpeng Zhao (CZ) – the CEO of Binance – spoke about the system load his exchange saw earlier today in a recent tweet, noting that the delays occurred during the system’s auto-scaling.
“We seen [sic] ATH for trading system load about an hour ago, some users experienced ui delays during system auto scaling. Still improving.”
The recent surge in volume signals that cryptocurrency traders are becoming increasingly keen on finding trading opportunities during the relatively quiet market conditions.
As the markets head into the week ahead it is likely that analysts and investors alike will gain greater insight into where Bitcoin’s new support and resistance levels exist, and to whether or not Bitcoin’s recent lows in the low-$3,000 region are a long-term bottom.