Coinbase Interrupts Buys And Sells Of Ethereum Twice In One Day

By , in Economy PR Economy on .

Coinbase, which is the leading buying and selling platform of major digital currencies in the U.S., said twice about that transaction in ethereum was “temporarily disabled. This is the incident on Tuesday. In the morning New York time, it was said by Coinbase that the sells of ethereum and litecoin were disabled temporarily. However, the issue was fixed around noon ET. But by 2:04 p.m. again status website of Coinbase said that buys and sells of ethereum were disabled again temporarily, the problem got resolved within 45 minutes. But, before resolving the problem company did not respond to a CNBC request immediately for comment on the latest halt in transactions.

Earlier, Coinbase spokesperson said in a statement that “the website is witnessing high traffic volume at the moment and because of that some users are experiencing intermittent service outages.”

Seven-Day Performance Of Ethereum Source: CoinMarketCap Coinbase’s GDAX exchange website reiterated the same story and said, there is a “partially degraded service,” at 2:38 p.m. Ethereum briefly surged over 23 percent on Tuesday to a record high of $637.62, according to CoinMarketCap. On the other hand, Bitcoin (Exchange: BTC=) spiked more than 5 percent to a high of $17,615.47, according to CoinDesk’s Bitcoin price index.

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