Coinbase closed for maintenance, unable to withstand the pressure of traders
Major bitcoin exchange Coinbase has gone into maintenance while bitcoin continues to hit highs above $ 11,000.
The popular American exchange, apparently, again cannot cope with the rapidly growing interest and demand of traders. Coinbase serves users in over 30 countries and is likely facing an unusually high number of visitors and deals on its platform these days..
Users are greeted by the following message on the home page of the site:
Coinbase has encountered “performance issues” and is currently working on fixing them, according to the information on the live exchange tracking page. “We are investigating performance issues on Coinbase.com and are working to resolve them. We will notify you when we have additional information, ”the exchange writes..
According to the information on the same page, the mobile application should work in standard mode, however, users on social networks report that this is not the case.
Some argue that things are difficult to explain on the stock exchange. For example, one user writes that he somehow managed to get into someone else’s account for 3 seconds.
This is not the first time Coinbase has run into trouble with Bitcoin’s skyrocketing price. So, in May, the exchange reported “an unprecedented volume of traffic and trading,” as a result of which the site went offline several times within one week, while Bitcoin was updating its highs. In June, the exchange again reported “severe disruptions” due to “high traffic and customers.” In fairness, it should be noted that similar phenomena were observed on Coinbase during the fall of the bitcoin rate..
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