Coinbase Crashes Again, Third Episode In Recent Weeks

By Harsh Vardhan of Invezz
Friday, March 8, 2024 7:17 PM EDT

Blockchain, Cryptocurrency, Network, Virtual, Currency

Image Source: Pixabay

  • The timing of the crash has left many Coinbase users frustrated and angry.
  • This is the third crash in recent weeks.
  • The repeated disruptions have sparked a dialogue about the need for enhanced infrastructure.

Coinbase, the popular cryptocurrency trading platform, faced intense criticism from its users after it experienced a significant outage, coinciding with Bitcoin reaching an unprecedented all-time high of $70,000 on Friday.


Third crash in recent few weeks 

This incident marks the third time Coinbase has encountered such issues amidst a surge in Bitcoin’s value over recent weeks.

The timing of the crash, occurring as Bitcoin shattered records following a two-year period of anticipation, has left many Coinbase users frustrated and angry.

The repeated outages during critical moments of trading activity have raised concerns about the platform’s reliability and capacity to handle spikes in trading volume.

The repeated disruptions have sparked a dialogue about the need for enhanced infrastructure and support to accommodate the growing interest and investment in digital currencies.

Coinbase has yet to respond to the backlash or provide a detailed explanation for the repeated technical difficulties.

More By This Author:

Dogecoin Price Forecast: Analyst Predicts Surge To $1 By Mid-April
Crisil Predicts India’s GDP To Grow Up To 6.8% In FY25
DAX Index Forecast As The ECB And Fed Delivers Another Catalyst

Disclaimer: Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments