LONDON, Nov 26 (Reuters) – Cryptocurrency alternate Coinbase mentioned on Thursday its retail and professional-focused platforms had been hit by tech issues, with customers reporting issue buying and selling as bitcoin plunged in the direction of its greatest one-day drop since September.
California-based Coinbase mentioned on its web site at 14:14 GMT it was investigating connectivity issues, including at 14:42 GMT that it had recognized the issue and applied an answer.
In a separate submit at 15:21 GMT on its Coinbase Professional web site it mentioned “elevated latencies impacting order entry and settlement” for its Coinbase Professional service, including it was investigating the issue.
A spokesman for Coinbase, one of many greatest cryptocurrency exchanges, declined to remark.
Coinbase customers on Twitter reported issues buying and selling.
One Coinbase Professional person advised Reuters by message: “The outage prevented me from submitting a purchase restrict order which might’ve been executed because the restrict value was met. Right now the order lastly went by way of however I missed the worth for now.”
Bitcoin, the world’s greatest cryptocurrency, slumped as a lot as 13% on Thursday to its lowest since Nov. 16., slamming the brakes on its red-hot rally and sparking a sell-off of smaller cash.
It was final down 9% at $16,904 and on the right track for its greatest one-day drop since Sept 3. The transfer represents a pointy correction from its three-year excessive of its near-record $19,521 hit on Wednesday. (Reporting by Tom Wilson; Modifying by Tom Brown)