Did BTC surge past $13k 'break' Coinbase? Exchange rushes to fix outages

26 Jun, 2019 | Updated: 27 Jun, 2019
by David Robb
Exchange
Did BTC surge past $13k 'break' Coinbase? Exchange rushes to fix outages

As Bitcoin has again soared to new 2019 highs, the leading crypto broker may be struggling to keep pace with trading. A number of Coinbase users were unable to access the platform again today.

Bitcoin broke past $13,000 today, gaining almost 20 percent in a 24h period, with other cryptos also seeing huge gains. Coinbase was apparently not prepared for the level of traffic that this rally brought, and both the site and app crashed for many users who were logging in to buy or sell their crypto.

This is the third time in as many days that the San Francisco-based crypto brokerage giant has been faced with these issues. Regular updates are posted on the site's status page, and a fix has now apparently been implemented for the most recent outages. The Coinbase team claims that it is now "monitoring the results", to see if the issue has been correctly identified. (UPDATE: "the incident has now been resolved")

Coinbase is not the only leading crypto site to be hobbled by the recent upswing in traffic. The Binance exchange saw some unexpected downtime recently, and some observers are claiming that it has also been unresponsive in the last 24 hours.

Many in the community saw these problems as a sign that the crypto bulls were well and truly back, and predicted more positive price action in the future. As usual, others took the opportunity to suggest that these centralized tentpoles of the crypto space may again be scheming and attempting to manipulate the market. 

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