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Coinbase Reports Delays in Processing Bitcoin Withdrawals Due to Network Congestion

The delays come on a day when the price of bitcoin surpassed its all-time high.

Nov 30, 2020 at 10:57 p.m. UTC
Updated Sep 14, 2021 at 10:36 a.m. UTC

Leading cryptocurrency exchange Coinbase, on a day when the price of bitcoin (BTC) reached a new all-time high, said it is experiencing delays processing BTC withdrawals due to Bitcoin network congestion.

  • Deposits, buys and sells are not impacted, the exchange said.
  • Coinbase has suffered a number of issues – mainly outages – during busy trading periods this year including most recently on Nov. 26.
  • The most recent issue comes as BTC eclipsed its all-time high of $19,783 Monday morning en route to setting a new record of $19,864 before giving back some of those gains, trading at $19,478.89, up 6.90% at press time.

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