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Coinbase Having Connectivity Issues as Bitcoin Surges to $20,800

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Wed, 12/16/2020 - 16:20
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Alex Dovbnya
Coinbase is experiencing connectivity problems amid Bitcoin's record-shattering rally
Coinbase Having Connectivity Issues as Bitcoin Surges to $20,800
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Coinbase, the largest crypto exchange in the U.S., is reportedly experiencing connectivity problems. Downdetector saw a huge spike in new reports at 2:23 PM UTC.

Coinbase
Image by downdetector.com

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Earlier today, Bitcoin surged to a new all-time high of $20,822 at 14:14 UTC on Coinbase.   

The $8 bln exchange often becomes inaccessible during major volatility spikes. Last month, CEO Brian Armstrong addressed the issue by promising to add "additional capacity": 

We're working hard to add additional capacity (both in servers and customer support) to deal with increased traffic. Thank you for your patience during this time. And thank you to the team at Coinbase working hard to serve our customers! Bull runs can be exciting and stressful.   

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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.