Coinbase Suspends Usage Amid Buy and Sell Flurry

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Fri Dec 22, 2017 5:06 pm

Coinbase Suspends Usage Amid Buy and Sell Flurry


Friday morning popular crypto trading site Coinbase announced on its status page that “due to today's high traffic, buys and sells may be intermittently offline. We're working on restoring full availability as soon as possible.” By afternoon the site was back up and fully operational, though some wire transactions may still take up to 5 business days to process. This is a direct result of a tumultuous Thursday in which prices for almost all cryptocurrencies plummeted, including the largest percentage drop for Bitcoin this year. ... ency-rout/

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Fri Dec 22, 2017 6:38 pm

I don't think it's a great situation, as Coinbase currently has so much market share, that price manipulation (for better or worse) can happen across the entire crypto-sphere from a single decision they make. Wonder if 2018 will provide more diversification in market share for investors...

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