2021-06-23

4You Dialy

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Cryptocurrency price cuts ensured overloading coinbase and BinanCe cryptochases

1 min read

It became known that the Coinbase cryptocurrency exchange is experiencing technical difficulties due to high load, which arose due to the large-scale collapse of the cryptocurrency course. Partial or complete limit of functions affects the website and platform brand application. It is also reported that cryptobirus Binance suspended the output of ETHEREUM and ERC-20 token due to network overload.

Image: Alex Castro / The Verge

«We are watching problems with Coinbase and Coinbase Pro, and we know that some functions can work incorrectly. Currently, we study these problems and will inform users about the progress of their decision, “says Coinbase statement.

«ETH and ERC-20 output is temporarily disabled due to network overload. Thank you for your patience and apologize for the inconvenience, “the Binance Platform reports.

It is worth noting that the technical problems on cryptocurrency exchanges arose against the background of a large-scale collapse of the digital assets during the last week and especially the last days. A significant decline in the course of the most valuable cryptocurrency, such as Bitcoin, Ethereum and Dogecoin, led to an increase in user activity, which caused the overload networks of trading platforms.

For example, in recent days, the Bitcoin rate fell by almost 30% to less than $ 31 thousand per token, per unit of “Ether” was given about $ 2000 (drop at 40%), and the price of DOGECOIN decreased by almost 45%. It is worth noting that at the time of writing this article, Bitcoin’s course leveled a little and amounted to more than $ 35 thousand per unit.

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