Coinbase, Kraken Back Up Again After Outages as Bitcoin Hits Another Record

Coinbase suffered the same issues yesterday, which lasted six hours.

AccessTimeIconJan 7, 2021 at 4:55 p.m. UTC
Updated Sep 14, 2021 at 10:52 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

Leading U.S.-based cryptocurrency exchange Coinbase is operating normally six hours after suffering connectivity issues for the second consecutive day amid bitcoin's parabolic price rally.

  • Coinbase's status page posted an incident report about users suffering disrupted connection to the exchange's interface at 15:50 UTC.
  • After investigating the issue for nearly two hours, the exchange said it had identified the cause of the problems and was implementing a fix.
  • Four hours after the update, Coinbase updated: "A fix has been implemented and we are confirming it has resolved the issue. All systems are operating normally."
  • Yesterday, Coinbase experienced the same issue, per its status page. The problem wasn't resolved for six hours, as CoinDesk previously reported.
  • Kraken also reported a "heavy load" causing connectivity issues for users at 17:03 UTC, per its status page. Three hours later, the exchange updated the incident report to say all affected components have returned to a fully operational state.
  • The bellwether cryptocurrency ripped through $39,000 for the first time ever late Thursday morning. Hours later it topped $40,000, more than doubling in less than a month.
  • Shortly before bitcoin reached the new milestone, the exchange updated the open incident report, saying, "We are continuing to work on a fix for this issue."
  • In mid-December, Coinbase filed preliminary documents ahead of a planned public offering, reportedly tapping Goldman Sachs to lead the listing days later.

The story is developing and will be updated as more information is available.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.