Coinspeaker
Coinbase Crashes Twice in One Week amid Heightened Crypto Demand
Amid the ongoing crypto bullish outlook that has pushed the global cryptocurrency market cap above $2.6 trillion, leading centralized exchange Coinbase Global Inc (NASDAQ: COIN) has registered significant volume and traffic in the past few days. On Monday, Coinbase announced that its servers were heavily overloaded by heightened customer traffic, thus causing some users to see zero balances.
Nonetheless, the cryptocurrency exchange announced that users’ funds were never impacted, as the technical team handled the issue. Meanwhile, the company has since fixed the issue and indicated that user balances should reflect accordingly.
We have issued a fix which remediated the display issue impacting customer account balances and latency across https://t.co/ohqDivlp6Y. We appreciate your patience. https://t.co/7gsVeIvYMl
— Coinbase Support (@CoinbaseSupport) March 4, 2024
Coinbase has seen its ser
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