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Coinbase, Gemini and CoinMarketCap Go Down Amid Crypto Armageddon

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

Coinbase
Image by status.coinbase.com

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. 

Both exchanges have temporarily disabled Ethereum and ERC20 withdrawals.   

The Gemini exchange is also experiencing "degraded performance."

Related
XRP, Dogecoin, and Cardano Collapse 50 Percent, Bitcoin Dominance Soars

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

CoinMarketCap
Image by coinmarketcap.com

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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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.