According to CoinMarketCap, Bitstamp is the 11th largest cryptocurrency exchange in the world with a $423,061,570 daily trading volume. If you wonder and can’t be bothered to check by yourself, here are the top 10 cryptocurrency exchanges by 24-hour volume, as of today:
- Bittrex: $2,998,691,350
- Binance: $2,995,583,423
- Bithumb: $2,609,779,100
- Bitfinex: $2,531,420,713
- GDAX: $1,338,417,180
- Poloniex: $1,176,193,168
- OKEx: $856,225,670
- HitBTC: $760,610,732
- Huobi: $614,086,869
- BTCC: $447,612,100
Anyway, let’s get back to the subject…
Bitstamp offers free trading for Bitcoin Cash until end of December, but the problem is users are complaining about the long waiting time for account activations, which can get up to around 1-2 weeks… When this complaint was tweeted, co-founder and CEO of Bitstamp Nejc Kodrič replied and gave really important information which will be a good benchmark for most of us…
Please understand that we currently have over 100,000 new accounts opened daily. It is challenging to cope with such surge. We are expanding our capacity to on board clients faster but this takes a bit of time.
— Nejc Kodrič (@nejc_kodric) December 16, 2017
There are more than 100,000 new account openings daily, which means 100,000 new customers, and it’s not easy to scale. I’m not just thinking about technical difficulties but also the operational work must be outrageous.
By the way, it says Bitstamp has more than 1 million users on their website, so I think it needs to be updated soon.
So, I just wanted to write this quick post as a record, in case you want to know what happens when Bitcoin gets crazy and people run to the exchanges… Bitstamp gets 100,000 new registrations daily; you can make the calculation for the top 10. Let me know if you figure it out…