Coinbase, the Nasdaq-listed cryptocurrency exchange, is reportedly still experiencing system issues following a major connectivity issue.
Coinbase brokerage and its trading platform Coinbase Pro were both unavailable on November 23 due to connectivity issues on both platforms, according to Coinbase Support.
“This may result in failed trades, delayed transactions, and unexpected behavior on the Coinbase website and mobile apps,” Coinbase warned.
The exchange stated that the problem had been resolved as of 2:00 a.m. UTC on Nov. 24 and that Coinbase products and services were no longer affected. According to Coinbase’s incident and scheduled maintenance history, the incident was resolved in less than two hours.
A number of users immediately expressed their outrage over the platform’s repeated connectivity issues, with some observers pointing out that Coinbase experienced a similar problem just a month ago. Many users associated Coinbase’s “connectivity issues” with rallying coins such as Shiba Inu (SHIB), GYEN, and Crypto.com (CRO).
According to CoinGecko data, the token increased by more than 300 percent after Coinbase listed it on its platform in early November. According to Coinbase Status, GYEN has been unavailable for buying, selling, and trading on Coinbase since Nov. 19.
Ok… which makes more sense: a major exchange can’t figure out how to keep the machines turned on or they don’t have enough to cover… aka liquidity issues. 3 different times coinbase has had connectivity issues during major runs of SHIB, GYEN, and now CRO… they are playing you pic.twitter.com/zoa5VDEsdZ
— TradeLife LLC (@TradelifeL) November 24, 2021
Some Coinbase users have reportedly continued to have problems with the platform even after the exchange stated that the problem had been resolved.
“I wake up, and Coinbase is still down a day later.” “Imagine the lawsuits if a stock exchange shitted the bed that hard,” one Coinbase user reported.
“It’s been 24 hours and Coinbase is still down,” another ostensible customer tweeted.
— Paul Benshoof (@BenshoofPaul) November 24, 2021
Despite the fact that Coinbase Support is still accepting new user complaints on Twitter, the exchange declined to provide Cointelegraph with additional information about the problem or its causes. “We did have connectivity issues with Coinbase.com and Coinbase Pro.” “This has been resolved,” a Coinbase representative said.
Elon Musk, CEO of Tesla, recently stated his support for crypto holders moving their funds away from centralized exchanges in order to protect their holdings. “Any cryptocurrency wallet that refuses to give you your private keys should be avoided at all costs,” Musk previously stated.