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Coinbase Goes Down as Bitcoin Nears $17K
Coinbase has suffered a number of outages during busy trading periods this year including most recently on Oct. 27.
The website and mobile app of U.S. cryptocurrency exchange Coinbase are down as bitcoin is nearing $17,000, within striking distance of its all-time high of $19,665 set in 2017.
STORY CONTINUES BELOW
Update (Nov. 16, 22:35 UTC): According to the Coinbase status page, the incident was resolved at 22:27 UTC.
- According to a company update, a fix has been implemented and the company is "investigating this issue."
- Coinbase has suffered a number of outages during busy trading periods this year including most recently on Oct. 27.
- The outage comes at a time when bitcoin has been fast approaching new highs not seen since Jan 7, 2018.
- At press time, bitcoin was at $16,834, up 6.27% over the last 24 hours.
Read more: Coinbase Goes Down as Bitcoin Approaches 2019 Highs
Kevin Reynolds
Kevin Reynolds was the editor-in-chief at CoinDesk. Prior to joining the company in mid-2020, Reynolds spent 23 years at Bloomberg, where he won two CEO awards for moving the needle for the entire company and established himself as one of the world's leading experts in real-time financial news. In addition to having done almost every job in the newsroom, Reynolds built, scaled and ran products for every asset class, including First Word, a 250-person global news/analysis service for professional clients, as well as Bloomberg's Speed Desk and the training program that all Bloomberg News hires worldwide are required to take. He also turned around several other operations, including the company's flash headlines desk and was instrumental in the turnaround of Bloomberg's BGOV unit. He shares a patent for a content management system he helped design, is a Certified Scrum Master, and a veteran of the U.S. Marine Corps. He owns bitcoin, ether, polygon and solana.
