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Coinbase Goes Down as Bitcoin Approaches 2019 Highs
Coinbase has halted trading on its platform as bitcoin rises to 2019 highs.
U.S. cryptocurrency exchange Coinbase has disabled trading due to feed issues amid bitcoin's ascension towards 2019 highs near $13,880.
STORY CONTINUES BELOW
- According to a company update on Wednesday, Coinbase said it is "currently investigating the issue," but no further comment was provided.
- Coinbase has suffered a number of outages during busy trading periods this year including on Sept. 4, the last time an outage caused trading to halt, according to the company's status page.
- The outage comes at a time when bitcoin has been fast approaching new highs not seen since June 26, 2019.
- "All updates will be posted in the link," Coinbase Senior Manager of Communications Crystal Yang told CoinDesk via email.
See also: Coinbase Received Over 1,800 Law Enforcement Information Requests in the First Half of 2020
Sebastian Sinclair
Sebastian Sinclair is the market and news reporter for CoinDesk operating in the South East Asia timezone. He has experience trading in the cryptocurrency markets, providing technical analysis and covering news developments affecting the movements on bitcoin and the industry as a whole. He currently holds no cryptocurrencies.
