Markets
Share this article

Coinbase Goes Down as Bitcoin Approaches 2019 Highs

Coinbase has halted trading on its platform as bitcoin rises to 2019 highs.

By Sebastian Sinclair
Updated Sep 14, 2021, 10:24 a.m. Published Oct 27, 2020, 11:49 p.m. 1 min read
Coinbase CEO Brian Armstrong speaks at Consensus 2019.
Coinbase CEO Brian Armstrong speaks at Consensus 2019.

U.S. cryptocurrency exchange Coinbase has disabled trading due to feed issues amid bitcoin's ascension towards 2019 highs near $13,880.

  • According to a company update on Wednesday, Coinbase said it is "currently investigating the issue," but no further comment was provided.
  • Coinbase has suffered a number of outages during busy trading periods this year including on Sept. 4, the last time an outage caused trading to halt, according to the company's status page.
  • The outage comes at a time when bitcoin has been fast approaching new highs not seen since June 26, 2019.
  • "All updates will be posted in the link," Coinbase Senior Manager of Communications Crystal Yang told CoinDesk via email.
Coinbase out
Coinbase out

See also: Coinbase Received Over 1,800 Law Enforcement Information Requests in the First Half of 2020

CoinbaseBitcoinCoinFlash

More For You

'Debasement trade’ falls out of favor as inflation fears cool, JPMorgan says

By Helene Braun, Will Canny, AI Boost|Edited by Stephen Alpher
1 hour ago
(Anne Nygård/Unsplash)

Investors are abandoning bitcoin and gold, perhaps sensing a coming end to Middle East hostilities.

What to know:

  • JPMorgan says the pandemic-era “debasement trade,” centered on bitcoin and then gold, is cooling, with recent outflows from bitcoin and gold ETFs and reduced institutional futures positions reflecting a broader pullback from macro hedges.
  • The bank's report suggested investors may be getting ahead of a U.S.-Iran peace deal.
Read full story