Coinbase faces system wide outage, the problem has not been solved for hours

At Coinbase, the largest stock exchange in the US, it seems that all systems have stopped and the problem has not been resolved for hours. The exchange said in a statement that it is investigating the situation and that the funds are safe.

Coinbase faces system wide outage, the problem has not been solved for hours

As of this morning, the Coinbase exchange has been experiencing a succession of technical problems. The exchange first announced that there were problems in sending and withdrawing cryptocurrencies, then the problem grew even bigger and the system stopped completely.

In a statement, “Coinbase is experiencing a system wide outage. We are investigating this issue and working on a solution.” the statement said. A few hours later, another statement was made and it was stated that the problem was not solved, the research was ongoing, and the funds were safe.

The system was down in March, but…

As it will be remembered, the stock market experienced a similar situation in March, but the problem was solved in a short time. The problem in March was actually a little different than today. At that time, Bitcoin’s peak of $73,000 caused a very serious intensity in the exchange and the system crashed due to this intensity.

The fact that the problem has not been resolved for hours causes users’ fears to grow.

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