Coinbase users reported difficulties in transactions and withdrawals, adding to concerns amid a general collapse in cryptocurrency prices The company confirmed these issues in a tweet on Thursday: "we know that some customers have problems trading and accessing accounts on coinbase and coinbase pro. Your funds are secure and we are actively addressing this issue. We will provide updates here soon.".
Shortly thereafter, the company said the situation had been resolved. "We saw the recovery after implementing the repair, but our team is continuing to monitor the situation," he wrote in a tweet.
In the community on reddit, users reported delays in withdrawal, leaving thousands of dollars pending. Recently, another user reported that they had no access to the application or website at all. "Did the bear market crash their servers? If someone wants to do fast trading, it's terrible," One Post wrote.
The downtime occurred in the context of the general collapse of cryptocurrency prices, adding special urgency to transactions and withdrawals. Bitcoin has fallen below $30000, losing more than 25% of its value in a month. Like any financial storm, falling prices have driven many holders to sell their assets and tested the financial infrastructure of many institutions.