As bitcoin and a number of digital assets saw deep losses on Monday, a few crypto-asset exchanges had difficulties. Traders have been complaining about issues with exchanges like Coinbase, Kraken, and other trading platforms during the volatile price swings.
Bitcoin (BTC) and many other cryptocurrencies have suffered a dip in value during the course of the day on Monday. While all the action happened, members of the crypto community and traders started complaining about exchange issues.
“Coinbase couldn’t really couldn’t be performing any worse during these high volatility situations,” The Block analyst Larry Cermak tweeted on Monday morning (EST). Digital currency exchanges also had issues keeping up with demand and traffic this past Sunday (Jan. 10) and on Friday (Jan. 8) as well.
This is crazy! Exchanges are having issues trying to cope up with #Bitcoin and other cryptos demands. I guess some are not ready with this overwhelming traffic of demand and supply in the #crypto world.