The cryptocurrency market has shrunk by more than 20% within 24 hours. Access problems were experienced in the industry’s largest stock exchanges during the hours when the Bitcoin price fell to $ 30,000 for a short time.
The price of many cryptocurrencies during the fall in the market, for months dropped to unprecedented levels. While slowdowns were observed in some data platforms such as CoinMarketCap and CoinGecko, technical problems were also detected in crypto currency exchanges.
- Coinbase announced that all of its platforms, including Coinbase Pro, have experienced malfunctions. The exchange has also initiated an investigation into withdrawals made with ETH and ERC-20 tokens due to the ‘congestion’ in the Ethereum network.
- Kraken; He explained that first there were problems in the Android application, then there were problems in the “fast retrieval” processes, and then there was a difficulty in accessing the website.
- Gemini, founded by brothers Tyler and Cameron Winklevoss, announced that some delays could be seen on its website and market data.
- Binance, the industry leader in terms of volume; has not yet announced a technical malfunction. However, it was seen that the exchange first stopped withdrawing ETH and ERC-20, then suspended transactions with all Binance Leveraged Tokens except some parities.
Hello there! My name is Oktay from Tokensboss editors. I introduce myself as a business graduate and writer. I have been doing research on cryptocurrencies and new business lines for over 2 years.