As Bitcoin rises above $41K, can Coinbase keep up with the rally?

As Bitcoin rises above $41K, can Coinbase keep up with the rally?


Coinbase is under the microscope as the Bitcoin price surged past $41,000 following a minor retrace after topping $40,000 on Thursday.

The United States-based crypto exchange is known for experiencing serious connectivity issues during periods of peak trading activity. Indeed, these disruptions have reportedly prevented traders from taking advantage of price gains and dips, robbing them of profit-taking and reentry opportunities.

As Cointelegraph recently reported, Coinbase has acquired Routefire, a platform for enhanced trade execution as part of an effort to better handle periods of peak crypto trading activity.

Trending: Mike Lindell Notes From Meeting With President Trump Were Captured By The Media, Included “Insurrection Act” “Trigger Emergency Powers” And More!

As of press time, Coinbase is yet to report any connectivity issues across its exchange platforms. According to its status page, the company identified and fixed the root cause of the service disruption experienced on Thursday.

Coinbase is not the only major exchange to suffer issues during Bitcoin price rallies. Binance also routinely goes offline when BTC prints major price gains. Commenting on the problem back in December 2020, Binance

Continue reading

You Might Like

Do NOT follow this link or you will be banned from the site!
Send this to a friend