“Our staff is investigating this and can present an replace shortly. Your belongings are secure,” the crypto trade added in a publish on social media platform X.
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Coinbase didn’t instantly reply to a Reuters request for additional remark.
The outage comes after bitcoin hit $60,000 on Wednesday for the primary time in additional than two years, as a flurry of capital into new US spot bitcoin exchange-traded merchandise fuelled a worth rally in February.
Merchants have poured into bitcoin forward of April’s halving occasion – a course of designed to gradual the discharge of the cryptocurrency.
Coinbase CEO Brian Armstrong stated in a separate publish on X that the crypto trade was coping with a big surge in site visitors.
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At their peak earlier within the afternoon, consumer studies of points had crossed over 9,000, in keeping with Downdetector. As of 1:46 p.m. ET they have been near 240.
