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

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

Jan 7, 2021 at 4:55 p.m. UTC
Updated Sep 14, 2021 at 10:52 a.m. UTC

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.

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