Share this article
Coinbase Pro Delays Rollout of Tether Trading Citing API Issues
Coinbase has said it is continuing to work on the back end while it resolves the issue.
Updated Sep 14, 2021, 12:47 p.m. Published Apr 28, 2021, 4:43 a.m.
Make us preferred on Google
Coinbase has delayed the launch of trading on stablecoin tether until next month, citing an ongoing issue with its professional platform's application programming interface (API).
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- Coinbase announced Wednesday via a tweet it had decided to further delay the launch on Coinbase Pro until 6 p.m. PT (1:00 UTC) on May 3.
- It marks the second time in two days the company has decided to postpone USDT trading after announcing on Tuesday it intended to resume trading later that evening.
- While transfers remain available, the U.S. cryptocurrency trading platform said it was working to ensure it had resolved the issue on its core API's and exchange.
- "We are continuing to deploy services on the back end to scale and bolster the exchange and want to take this time to make the exchange more robust," said the exchange via a separate tweet.
- Coinbase decided to list USDT on April 23, much to the surprise of the crypto community, which at times has questioned whether the stablecoin is fully backed by U.S. dollars.
- Earlier in the month, Coinbase went public on the Nasdaq exchange through a direct listing under the ticker $COIN.
See also: A Bridge Called Tether
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Bitcoin stuck near $88,000 as gold's and silver's record-breaking rallies show exhaustion signs
"Gold and silver casually adding an entire bitcoin market cap in a single day," wrote one crypto analyst.
What to know:
- Bitcoin is off its worst levels of the weekend, but still near the year's low at $87,700.
- Facing the same news cycle as crypto, precious metals continued to surge higher, but a quick retreat from their highs on Monday suggested a bit of exhaustion was setting in.
- Analysts remain dour on the outlook for crypto prices given the looming government shutdown as well as delays in passage of the Clarity Act.
Top Stories
