Continuing a trend established years ago, top U.S. crypto exchange Coinbase disclosed Tuesday that “some users may be experiencing errors when transacting” as the price of Bitcoin peaked and collapsed. The status update—posted at around 3pm EST—came four minutes after the company reported its previous slate of “intermittent transaction failures” as resolved.

These latest technical troubles come hours after the price of Bitcoin surged to a new all-time high—before collapsing after the milestone triggered liquidations and sell-offs. The industry-wide frenzy and related headlines draws heavy interest from retail investors using services like Coinbase.

“Coinbase is on a mission to increase economic freedom for more than 1 billion people,” a Coinbase spokesperson told Decrypt in response to an inquiry about their system stability. “We are encouraged by the excitement in the market and are continuing to double down the capacity and resilience of our systems.”

In the frenzied run-up to the new record price, Coinbase worked overnight on availability issues, with a previous status note posted fifteen hours earlier.

“Some users may experience intermittent error

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Author: Ryan Kawailani Ozawa

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