Cryptocurrencies

Coinbase Goes Down as Bitcoin Approaches 2019 Highs

U.S. cryptocurrency exchange Coinbase has disabled trading due to feed issues amid bitcoin’s ascension towards 2019 highs near $13,880.

  • According to a company update on Wednesday, Coinbase said it is “currently investigating the issue,” but no further comment was provided.
  • Coinbase has suffered a number of outages during busy trading periods this year including on Sept. 4, the last time an outage caused trading to halt, according to the company’s status page.
  • The outage comes at a time when bitcoin has been fast approaching new highs not seen since June 26, 2019.
  • “All updates will be posted in the link,” Coinbase Senior Manager of Communications Crystal Yang told CoinDesk via email.

See also: Coinbase Received Over 1,800 Law Enforcement Information Requests in the First Half of 2020

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