Coinbase encounters ‘network connection issues’ amid market turmoil, Kraken sees ‘connectivity issues’

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Major exchange Coinbase encountered network connection issues on Tuesday night (UTC), which he said was caused by a higher level of sign-ups and transfers. krakenmeanwhile, said he saw brief and intermittent connectivity issues.

Coinbase announced yesterday that it was experiencing “network connection issues” for Coinbase.com, Coinbase Proand Coinbase Primewhich could have caused connection difficulties. “If you are already logged in, you may experience slow loading on the web and mobile app,” the exchange said. said.

Shortly after, Coinbase Support tweeted to users that the issue resulted from “high level of new user sign-ups and transfers” to the exchange, but that a fix had been implemented. “The latency has improved dramatically,” he said, adding that,

“Although some users may have experienced latency delays while trading, all services remained operational and unrestricted. We will continue to monitor our fix and apologize for any inconvenience caused.”

There was also a report that Kraken may have been “down” and experiencing potential issues since Tuesday.

kraken said Cryptonews.com this,

“There were intermittent connectivity issues which prevented some clients from accessing certain parts of the website. Trading was fully operational throughout. The issue was quickly identified and a fix was implemented. ”

The status page indicates that the team was investigating an issue with Parachains on November 8 and that customers may have seen the “No Data Found” error when accessing the Parachains section of the Earn page of their Kraken account. . This has been corrected.

Today, it began scheduled maintenance of the Plaid application programming interface (API), during which funding through Plaid is not available.

No connection to FTX

Yet another surprise has come for the cryptoverse as a crypto exchange FTX is facing financial difficulties, while its competitor Binance came to buy it.

Coinbase CEO Brian Armstrong tweeted that he had “a lot of sympathy for everyone involved in the current situation with FTX”, saying it was “stressful whenever there was potential for loss of clients”.

However, he assured users that Coinbase has no material exposure to FTX, its FTT coin, or its parent company. Alameda Search.

Considering how many companies have faced massive problems since the market downturn began and since the fall of the Terra/LUNA ecosystem, it’s no surprise that many investors are worried about any potential issues with exchanges and protocols.

some too say again a long-standing accusation that exchanges tend to run into trouble when there is a dump or pump in the market, preventing users from acting quickly.

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Learn more:
– Breaking News: Crypto Prices Soar Then Crash As Binance Set To Acquire FTX
– FTX Token Price Prediction – Will FTX go to $0 like Luna? Traders buy these coins instead

– Earnings Report: Coinbase Loses $545 Million in Q3 – Stocks Fall
– Jesse Powell steps down as CEO of Kraken, COO Ripley to take over