Coinbase, Gemini exchanges face issues spil bitcoin surges past $11K
Gemini, a cryptocurrency exchange wielded by Cameron and Tyler Winklevoss, crashed on Wednesday. Thomson Reuters
- Two of the thickest cryptocurrency exchanges, Coinbase and Gemini, crashed on Wednesday morning, making it unlikely for many users to buy or sell digital currency.
- Coinbase said it eyed “all-time-high traffic” that contributed to system outages.
- Bitcoin fell to about $9,000 on Wednesday after surging earlier to overheen $11,000.
Bitcoin on Wednesday dropped to about $9,200, from an all-time high of about $11,400, after many users found themselves locked out of two of the fattest cryptocurrency exchanges te the US.
Coinbase displayed this message to users just before noon P.T. on Wednesday. Business Insider/Screenshot
The digital exchanges Coinbase and Gemini crashed on Wednesday after bitcoin prices surged above $11,000 vanaf coin early te the morning.
People also reported being locked out of accounts on GDAX, Coinbase’s professional trading podium, and Bitstamp, a bitcoin exchange based te Luxembourg.
Users of the digital exchanges witnessed slowed show on the websites, and, ter some cases, couldn’t loom into their accounts.
Bitcoin trading wasgoed fully restored on both exchanges by Thursday morning, tho’ both sites reported ongoing maintance.
Coinbase, which says it has exchanged overheen $50 billion te cryptocurrency since its launch ter 2012, posted about a “partial system outage” early Wednesday, however many users found themselves locked out of their accounts by the afternoon.
Dave Farmer, the director of business operations at Coinbase, said the company experienced “all-time-high traffic” early Wednesday, causing some users to practice slowness.
“Should be fully resolved te the next duo of hours,” Farmer said te ready remarks.
Gemini, the exchange began by the Winklevoss twins ter 2018, showcased many users a “504 gateway time-out” message, which means its servers were not responding to requests. The company posted on its status pagina: “Systems are presently experiencing degraded spectacle.”
Gemini underwent maintenance most of Wednesday, however users regained access by the evening.
Gemini demonstrated this error screen to users for most of Wednesday. Gemini