Share this article

Kraken, Coinbase Suffer Outages Amid Market Volatility

Spillover from market drama on Wall Street is crippling U.S. crypto exchanges.

Updated Sep 14, 2021, 11:03 a.m. Published Jan 29, 2021, 4:26 p.m.
Coinbase on phone

Some of the largest U.S.-based cryptocurrency exchanges are having trouble handing Friday's market volatility.

STORY CONTINUES BELOW
Verpassen Sie keine weitere Geschichte.Abonnieren Sie noch heute den Crypto Daybook Americas Newsletter. Alle Newsletter ansehen

  • Kraken's trading is enabled again although "intermittent connectivity issues" remain 17 hours after the company's entire site was relegated to full "maintenance mode" Thursday morning.
  • The company battled a second day of severe connectivity issues after Thursday saw an outage of the exchange's trading API, though the web interface was still operational.
  • Coinbase also suffered "performance degradation," per its status page. And as the exchanged worked on a fix, reports of the exchange disabling USD buys circulated on Twitter. A Coinbase spokesperson confirmed to CoinDesk that USD buys were down, saying it was related to the outage issues.
  • Several hours after the incident occured, Coinbase updated the status page to say "trading is 100% backup [sic]," which was followed by another update shortly thereafter saying "all services are back up" and Coinbse is "continuing to monitor for any future issues."
  • Bitcoin's price shot up nearly 20% early Friday morning to over $38,000.
  • These two exchanges have suffered downtime already this month, with both venues going down after bitcoin traded above $39,000 for the first time in early January, per CoinDesk's prior reporting.
Werbung

This is a developing story and will be updated.

Higit pang Para sa Iyo

This article is created to test tags being added to image overlays

Consensus 2025: Zak Folkman, Eric Trump

Dek: This article is created to test tags being added to image overlays

Ano ang dapat malaman:

  • Ethena's USDe becomes fifth stablecoin to surpass $10 billion market cap in just 609 days, while Tether's dominance continues to slip.