Kraken and Coinbase face hurdles amid escalating volatility

by in Cryptocurrency News

Exchange

The aggravation of volatility in the crypto market led to technical failures in the work of some American exchanges.

Initially, users reported issues with the Kraken platform. The technical failure was observed intermittently for 17 hours. After that, the administration reported on the resumption of regular workflow and the elimination of all problems in the software.

The company analyzed the operation of the trading system in real-time for two days. After that, it was concluded that all faults had been eliminated, and traders can make transactions with digital assets.

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Coinbase has also been in trouble due to a surge in market volatility. As a result, performance dropped dramatically, causing frustration among users.

A representative of the exchange confirmed that there were difficulties when trying to make transactions in a pair with the dollar. A few hours later, the Coinbase administration announced a complete restoration of the system and the transition to the regular workflow.

Note that Kraken and Coinbase already experienced difficulties in January, when, as a result of another explosion in the market, Bitcoin jumped above $ 40,000.