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Coinbase suffers outages as cryptos plummet in massive sell-off

Mount Equity Group Tokyo, Japan > News > Business > Coinbase suffers outages as cryptos plummet in massive sell-off

Crypto trading platform Coinbase said Wednesday that it’s experiencing outages for some users as Bitcoin and other digital coins tanked in a massive sell-off

“We’re seeing some issues on Coinbase and Coinbase Pro and we’re aware some features may not be functioning completely normal,” the company said in a statement. “We’re investigating what’s going on right now, and as soon as we know more we’ll let you know.”

The company added that some users are unable to log in, see their balances, and trade. Data from DownDetector shows that the issues started around 8:45 a.m.

Shares of Coinbase dropped almost 8 percent. 

We know that customers are experiencing some issues with logging in, seeing their balances, and trading. Our teams are working to resolve this as soon as possible and funds in Coinbase accounts are safe. We’ll circle back as soon as we have an update.

— Coinbase Support (@CoinbaseSupport) May 19, 2021

And Binance, another popular crypto trading platform, also announced it was experiencing issues due to a surge in traffic and said it was pausing some crypto withdrawals. 

″$ETH and ERC20 withdrawals are temporarily disabled due to network congestion. Thank you for your patience and apologies for