Coinbase latest update about outage.
Coinbase, which has exchanged over $50 billion since its launch in 2012, posted about a "partial system outage" on early Wednesday, though many users found themselves completely locked out by afternoon.
Dave Farmer, director of Business Operations at Coinbase, said that the company experienced "all-time high traffic" early Wednesday morning, which gave some users slower performance.
"Should be fully resolved in the next couple of hours," Farmer said in prepared remarks.
Bitcoin flash-crashed to below $8,800 from $11,350.
Tons of people missed great buy-opps and some of them are my friends who are extremely pissed off!
Is Coinbase going to tell me they can't afford a bigger server?
Its there loss if the systems in place cant expand to meet market demand. I think they will continue to expand service and get better.
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