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Coinbase says connectivity issues fixed, investigating delays

Coinbase says connectivity issues fixed, investigating delays
Coinbase says connectivity issues fixed, investigating delays   -   Copyright  Thomson Reuters 2021
By Reuters

– Coinbase Global Inc said on a Twitter post on Wednesday it has resolved the connectivity problems that denied customers access to the cryptocurrency platform.

Coinbase said it is still investigating delays with some transactions and will provide updates soon. These issues come less than a day after a display error on its trading platform and crypto wallet caused customers to see inflated prices for non-tradable crypto assets.

The prices of cryptocurrencies surged briefly on Coinbase’s platform, the company said on Twitter late on Tuesday, adding that trading was not impacted. The glitch, however, was fixed quickly.

Technical glitches have been common with cryptocurrency platforms as trading picks up in higher volumes. Last month, Tesla Inc chief Elon Musk had taken to Twitter against Binance, after the cryptocurrency exchange limited withdrawals of meme-based digital currency dogecoin.