Exchanges

Coinbase had been suffering from connectivity issues 

  • Both Coinbase Brokerage and the Coinbase Pro trading platform were unavailable on November 23 due to connectivity issue
  • The exchange said it had fixed the issue at 2:00 a.m. UTC on November 24
  • Some observers pointed out that Coinbase had a similar issue just a month ago

Both Coinbase Brokerage and the Coinbase Pro trading platform were unavailable on November 23 due to connectivity issues on both platforms, according to an official statement from Coinbase Support.

Coinbase had similar problems last month

The exchange said it had fixed the issue at 2:00 a.m. UTC on November 24, as Coinbase’s products and services were no longer affected. According to the available data, it took the exchange less than two hours to fix the incident. Several users immediately expressed outrage online over the platform’s repeated connectivity issues. Some observers pointed out that Coinbase had a similar issue just a month ago.

Several investors reported complaints regarding the outage. Many tagged the official handle of the exchange platform and demanded an explanation, even using the hashtag Coinbase down. Last time, connectivity issues seemed to be caused by the insane popularity of coins such as Shiba Inu (SHIB), GYEN, and Crypto.com (CRO). However, this time it is unclear what has caused it, and although Coinbase support is still taking new complaints from users on Twitter, the exchange declined to provide further details about the problem or the reason behind it.

Not the only exchange that has been having issues

Coinbase is not the only exchange that has been under pressure recently. Binance recently found itself in a bit of trouble after Dogecoin holders found themselves in the grasp of the world’s biggest crypto exchange’s technical glitch. The incident caught the attention of Elon Musk, who called out the CEO in a recent tweet, asking what is happening with the DOGE investors on the platform. 

The Tesla CEO later expressed his support for crypto holders moving their funds out of centralized exchanges to protect their holdings. “Any crypto wallet that won’t give you your private keys should be avoided at all costs,” 

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