Coinbase customers unable to trade as platform faces technical difficulties
Coinbase confirmed on Wednesday that it was facing system difficulties as the platform is experiencing problems with its connectivity.
Both the Nasdaq-listed company’s brokerage and trading platforms were down yesterday, as per Coinbase support.
“This may cause failed trades, delayed transactions, and unexpected behavior on the webpage and mobile apps,” Coinbase said.
Coinbase is down. You know what that means…— Lyle Pratt (@lylepratt) November 24, 2021
However, as of the early hours of this morning, the platform said the issue was no longer affecting its services.
Many of Coinbase’s users were left fuming at their inability to do anything on the platform, especially as it was just over a month ago when a similar experience was faced.
Coinbase and Coinbase Pro need to be sued for billions for stopping in the middle of trades and shutting site down when you are in the middle of making a trade!!!!!!!!!!!!!!! #Coinbase— James Fleming (@PiperlinerJF330) November 24, 2021
Some have suggested the “connectivity issues” are still going on despite Coinbase saying that the problem has been fixed.
People within the crypto community often talk about the need to have custody over one’s own crypto, using Coinbase’s recent issues as an example of why.
Elon Musk even waded in, suggesting that “any crypto wallet that won’t give you your private keys should be avoided at all costs”.
Exactly— Elon Musk (@elonmusk) November 24, 2021