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Kraken Halts Sign-Ups Due to Immense Demand

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Mon, 02/08/2021 - 17:41
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Alex Dovbnya
Kraken is struggling to deal with enormous traffic together with other major exchanges
Kraken Halts Sign-Ups Due to Immense Demand
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Kraken, one of the leading cryptocurrency exchanges, has temporarily stopped accepting new users due to "extremely high" demand, according to its status page

"Sign-ups are temporarily disabled due to extremely high demand. Our engineers are still working to resolve the issue and we will share any updates as soon as they become available."  

Related
"DeFi Scams" Should Take Their Losses: Kraken CEO Jesse Powell

Earlier today, Coinbase, Gemini, Binance, and other major exchanges were all experiencing technical issues following Bitcoin's wild jump to a new all-time high of $44,899. 

Bitcoin went on a record-shattering rally after e-car behemoth Tesla announced its mammoth $1.5 billion purchase of the flagship cryptocurrency.     

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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.