Crypto Exchange Coinbase hit by connection, latency issues as Bitcoin crashes

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In this news, we discuss the Crypto Exchange Coinbase hit by connection, latency issues as Bitcoin crashes

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Cryptocurrency exchange Coinbase said on Thursday its retail and business platforms had been hit by technology issues, with users reporting difficulty trading as bitcoin plunged to its steepest drop in a day. since September.

California-based Coinbase said on its site Web at 14:14 GMT he was investigating connectivity issues, adding at 14:42 GMT that he had identified the problem and implemented a solution. In a separate article at 3:21 p.m. GMT on his Coinbase Pro site it said “increased latencies affecting order entry and settlement” for its Coinbase Pro service, adding that it was investigating the issue.

A spokesperson for Coinbase, one of the largest cryptocurrency exchanges, declined to comment. Coinbase users on Twitter reported trading issues.

A Coinbase Pro user told Reuters by message: “The outage prevented me from submitting a limit buy order that would have been executed when the limit price was reached. At that point the order was finally placed but I missed the price for the time being. “Bitcoin, the world’s largest cryptocurrency, fell 13% Thursday to its lowest level since November 16, curbing its scorching rally and causing smaller coins to sell off.

It was last down 9% to $ 16,904 and on track for its biggest one-day decline since September 3. The move represents a strong correction from its three-year high from its all-time high of $ 19,521 reached on Wednesday.

News Highlights:

  • Cryptocurrency exchange Coinbase said on Thursday its retail and business platforms had been hit by technology issues, with users reporting difficulty trading as bitcoin plunged to its steepest drop in a day. since September. California-based Coinbase said on its site Web at 14:14 GMT he was investigating connectivity issues, adding at 14:42 GMT that he had identified the problem and implemented a solution.
  • Crypto Exchange Coinbase hit by connection, latency issues as Bitcoin crashes
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