Cryptocurrency exchange Coinbase reported in its statement that technical errors occurred in trading and withdrawals on the platform.
Cryptocurrency Exchange Coinbase Is Investigating The Problem With The Platform
Bitcoin exchange Coinbase stated that there are technical problems with its platform, and these problems can cause problems for customers when trading or choosing assets to withdraw.
The company released a statement stating that it is investigating “high error rates” on both its web and mobile platforms.
Coinbase has assured clients that their funds are safe and that their team is diligently working to address the issue as soon as possible. The company assured that it will provide further updates as soon as they become available.
However, the company reported that they implemented a solution in their last update and observed the result.
As of now, it is unclear how many users are affected by the login issues.
There was another blackout in the stock market a short time ago.
It’s worth noting that this isn’t the first time Coinbase has experienced such technical issues. Just two days ago on March 14, the exchange reported issues with login issues affecting its website, mobile app, and Coinbase Prime. In a similar statement, the company acknowledged the problem and reassured its clients that their funds were safe. Coinbase later identified and fixed the issue and apologized to its users for the inconvenience.
Technical problems are not uncommon in the cryptocurrency world, and exchanges like Coinbase have to deal with occasional glitches as demand for trading grows.
The US-based company recently also drew backlash by temporarily halting USDC/USD conversions.
Coinbase has updated its website to indicate that all systems are operational. Users can now trade and withdraw assets as normal. Coinbase also stated that the technical issue has been resolved and that its team will continue to monitor the platform to ensure it remains stable and secure.