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Coinbase, Gemini and CoinMarketCap Go Down Amid Crypto Armageddon

Wed, 19/05/2021 - 13:54
Major exchanges are struggling to handle the volatility
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Coinbase, Gemini and CoinMarketCap Go Down Amid Crypto Armageddon
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Coinbase is experiencing intermittent downtime, according to its status page.

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The exchange has received nearly 6,000 reports on its Downdetector page

Multiple users are also struggling to access Binance's futures products and its mobile app. 

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Both exchanges have temporarily disabled Ethereum and ERC20 withdrawals.   

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The Gemini exchange is also experiencing "degraded performance."

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CoinMarketCap, the largest coin tracking site owned by Binance, is inaccessible right now.

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The silver lining is that CoinMarketCap's users will not be able to check crypto prices. Earlier today, Bitcoin collapsed to nearly $30,000, with altcoins seeing even steeper losses.

UPDATE: Both Coinbase and Gemini are back online.  

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