Kraken, Coinbase Suffer Outages Amid Market Volatility

Also: Coinbase plans infrastructure updates to prevent outages during periods of volatility.

Leading crypto exchange Coinbase could suffer the consequences of the recent bearish price action across the sector. According to a report from analytic firm Similarweb, the company could see a challenging earnings season with potentially negative results. Related Reading | Coinbase And Kraken Promote “Fake Bitcoin”, Craig Wright Lawsuit Says So In 2021, the crypto peaked […]

During times like these, conspiracy theories are never far away. Yesterday was not a good day for the bitcoin ecosystem, that much is certain. Not only did the PBOC impose new AML regulation on Chinese exchanges, but several exchange platforms experienced outages as well. To some people, this looks like one big conspiracy to avoid significant financial losses when the price crashes. It is rather unusual to see so many bitcoin exchange platforms suffer from issues on the same day, though. Although a lot of people are focusing on the Chinese bitcoin exchanges, they are not the only ones....

Coinbase has suffered multiple outages since March, often coinciding with volatile Bitcoin trading days. Coinbase appears to have a capacity problem. Users have pointed out for years that when Bitcoin and other crypto assets are especially volatile, the exchange sometimes goes offline without warning. These outages can prevent customers from buying or selling their crypto assets, and are generally viewed unfavorably by traders.Between March and November 2020, the exchange recorded nine different issues leading to various types of outages or connectivity problems, although direct customer....

Coinbase has suffered a number of outages during busy trading periods this year including most recently on Oct. 27.