Binance, i of the world's foremost cryptocurrency exchanges, now allows deposits in Hong Kong dollars.

Co-ordinate to a Feb. 21 proclamation, Binance now offers both deposits and withdrawals in Hong Kong dollars without deposit fees. After depositing Hong Kong dollars, users are free to spend them on cryptocurrency.

Deposits are enabled through a partnership between Binance and payment processor Epay. Users tin can deposit with a swift lawmaking, wire transfer, SEPA, Fasapay, PM and other e-currency deposit and withdraw services.

Binance is apparently trying to bulldoze more liquidity into the cryptocurrency marketplace. Equally Cointelegraph reported earlier this month, the exchange recently added xv additional fiat currency options for Visa and Mastercard purchases on its platform. Before long before this declaration, the business firm also added Russian ruble pairs for its peer-to-peer trading platform.

All these efforts indicate that Binance is trying to attract people to bring together the cryptocurrency market place during this new bull market. Nevertheless, the increase in user base is non without its consequences.

Unscheduled maintenance

Amidst the recent increase in user volume, the platform has likewise recently reported technical difficulties. A report published before this month suggests that office of the functioning bug that Binance users had to endure were caused by an unexpected surge in traffic. The paper reads:

"The deviation between BTC at $ten,000 this time around and the previous times is, at that place are a lot more than users at present. While this is a solid sign of stiff recovery for the crypto market, it too puts on significant load for our systems."

Recently Changpeng Zhao, the founder and CEO of Binance, expressed the idea that Bitcoin'south price has not yet adjusted to the upcoming block advantage halving and will increase even more. If he is right, the platform should look traffic to further increment.