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Coinbase Goes Down Again as Bitcoin Price Action, Volatility Heat Up Again
Coinbase is experiencing another outage of its website and mobile apps.
Coinbase is experiencing another outage of its website and mobile apps, a reoccurrence of a problem that seems to plague the leading cryptocurrency exchange whenever bitcoin's price and volume spike.
STORY CONTINUES BELOW
We are currently investigating connectivity issues on Coinbase and Coinbase Pro. We're working quickly to implement a fix and we'll send an update as soon as it's resolved. https://t.co/SsT87hfqmG
— Coinbase Support (@CoinbaseSupport) November 26, 2020
This comes on the heels of issues yesterday that affected Coinbase and a large swath of the internet when cloud provider AWS experienced outages. As other sites are also still reporting issues, it's possible Coinbase's problems are still being caused by the AWS troubles.
Coinbase has suffered a number of outages during busy trading periods this year including most recently on Nov. 16. The most recent outage comes as bitcoin (BTC) is down 11.54% to $17,120 at press time.
UPDATE: 11/26/20 15:06 UTC: Updated with reasons for outage.
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.
