Kraken, Coinbase Suffer Outages Amid Market Volatility
Spillover from market drama on Wall Street is crippling U.S. exchanges.
Kraken, Coinbase Suffer Outages Amid Market Volatility
Some of the largest U.S.-based cryptocurrency exchanges are having trouble handing Friday’s market volatility.
- Kraken put its entire site in “maintenance mode” per the exchange’s status page as the exchange battles a second day of severe connectivity issues. Thursday saw an outage of the exchange’s trading API, although the web interface was still operational.
- Coinbase also reported “performance degradation,” per its status page. The team is “looking into it” and the open issue message promised an update around 16:30 UTC (11:30 Eastern time).
- As Coinbase works on a fix, reports of the exchange disabling USD buys circulated on Twitter. A Coinbase spokesperson confirmed to CoinDesk that USD buys were down, saying it was related to the outage issues.
- Bitcoin’s price shot up nearly 20% early Friday morning to over $38,000.
This is a developing story and will be updated.
