Record Demand for Bitcoin Prompts Coinbase Outage

[kreslik.news]

Traders of cryptocurrencies that are using Coinbase are experiencing difficulties accessing their accounts and executing market orders. While another Silicon Valley exchange, Kraken, is known to have experienced major issues in recent weeks during volatile times, the service outage at Coinbase for some clients today is news.

The company stated on its real-time status page that it is investigating “performance issues” at 06:31 PST. About half an hour later Coinbase updated the information to reflect that it has identified the issue and it is working to fix it.

Increased traffic to crypto exchanges in recent weeks might have caught some of them ... (read more)