Following a huge connection issue, Coinbase, a Nasdaq-listed bitcoin exchange, is apparently still suffering system issues.
“This might result in failed trades, delayed transactions, and unusual behaviour on the Coinbase website and mobile apps,” according to the exchange.
The bug was no longer affecting the exchange goods and services as of 2:00 a.m. UTC on November 24, the exchange claimed. The exchange resolved the situation in less than two hours, according to the exchange’s incident and planned maintenance histories.
A number of users quickly took to social media to vent their displeasure with the platform’s ongoing connectivity troubles, with several observers pointing out that the exchange had a similar problem just a month ago. Coinbase’s “connectivity troubles” have been attributed by several users to rallying currencies including Shiba Inu (SHIB), GYEN, and Crypto.com (CRO).
According to CoinGecko statistics, once Coinbase put CRO on its platform in early November, the coin rose by more than 300%. According to Coinbase Status, GYEN has been unavailable for buying, selling, and trading on the exchange since November 19 owing to technical issues.
Users still facing troubles even after resolving the problem
Following the exchange’s announcement that the problem had been resolved, some users are still reporting troubles with the platform.
“I get up, and Coinbase is still down a day later”. Imagine the litigation if a stock exchange slammed the door in your face like that,” one user stated.
Another purported consumer commented on Twitter, “It’s been 24 hours and Coinbase is still down”.
The exchange Support is currently accepting new customer complaints on Twitter. However, the exchange has failed to give any more information on the issue. “We had connection troubles on both Coinbase.com and Coinbase Pro”. “However, we fixed this issue”, stated the exchange’s spokesperson.
Elon Musk, the CEO of Tesla, has indicated his support for cryptocurrency investors transferring their cash off of centralised exchanges in order to preserve their investments. Musk previously stated, “you should avoid any crypto wallet that will not give you your private keys at all costs”.