The exchange is examining the issues.
[Updated] Coinbase has actually been brought back and consumers' funds can now be seen.
Crypto exchange Coinbase dealt with technical problems as Bitcoin's cost skyrocketed to almost $64,000. Earlier today, a number of consumers required to X to report the abnormality after their accounts showed no balances. Soon after the problem emerged, Coinbase verified the event and specified that their group is actively examining the cause. They guaranteed clients that an upgrade would be supplied as quickly as possible and funds were safe.
We know that some users might see an absolutely no balance throughout their Coinbase accounts & & might experience mistakes in purchasing or selling. Our group is examining this & & will offer an upgrade quickly. Your possessions are safe.
You can track this event at https://t.co/a3pl4WiDhZ
— Coinbase Support (@CoinbaseSupport) February 28, 2024
Brian Armstrong, Coinbase's CEO, stated that an extraordinary rise in traffic resulted in the concern.
We are handling a LARGE rise of traffic– apologies for any problems you come across. The group is working to remediate.
— Brian Armstrong (@brian_armstrong) February 28, 2024
The occurrence came amidst a rise in Bitcoin's cost. BTC broke through $60,000 previously today before extending its rally to around $64,000. At the time of composing, Bitcoin is trading at around $60,000, according to CoinGecko's information.
Bitcoin's rate is presently up around 40% over the previous month. If the momentum is kept through completion of this month, Bitcoin is on track to attain 6 successive months of gains.
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