Coinbase: the exchange is down again

Problems continue for the Coinbase exchange which is still often down.

Also in the last days, in fact, several users are reporting malfunctions or the impossibility to access the site.

To date, there is no problem with the custody of funds or with the execution of orders, so nothing that could endanger the security of the platform, but only service interruptions or delays.

In particular yesterday, according to their official page, there were three problems, all three problems can be justified with bitcoin rush and Ethereum all-time high and other crypto currencies with big daily wins.

The first of these concerned connectivity, or the fact that the site was sometimes not reachable, or that it was not possible to use some services.

According to what the company declared it would be a technical problem for which a solution has already been found and applied.

However, there were two other problems that caused the delay in the withdrawal of XLM (Stellar) and XRP (Ripple).

While on the one hand these are the only three problems officially reported, on the various online discussion groups instead many users also complain about other problems, however much less serious.

Why Coinbase goes down

It should be pointed out, however, that these days it is very likely that the flow of users trying to connect to Coinbase’s site or app might have increased so much that it inevitably produces problems with server overload or congestion.

Something similar, albeit on a larger scale, happened in late 2017, when the huge influx of users suddenly pouring into Coinbase actually brought its operation into crisis.

Right now the situation seems much less serious, but surely the significant increase of active users on the platform is causing risks of overload or congestion.

In 2017, moreover, Coinbase was not the only victim of these problems, which instead were distributed almost on all exchanges open freely to the public. However, it should be pointed out that these days on other exchanges there are no complaints of similar problems.

However, it must be pointed out that the exchanges most at risk of suffering service interruptions due to overloads or congestion are precisely those aimed at retail investors, i.e. the huge mass of casual amateur investors who are suddenly pouring into these markets. Instead, exchanges aimed particularly at professional operators are less at risk from this point of view.