The Coinbase application for exchanging cryptocurrencies that is displayed on the screen of an iPhone.
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Cryptocurrency Exchange Coinbase announced Thursday that its retail and professional platforms are experiencing technical issues. Users reported having difficulty trading as Bitcoin plunged towards its biggest one-day decline since September.
Californian company Coinbase announced on its website at 2:14 p.m. GMT (9:14 a.m. CET) it was investigating connectivity issues, and added at 2:42 p.m. GMT (9:42 a.m. CET), identified the problem and provided a solution to have implemented.
In a separate post at 3:21 pm GMT (10:21 am CET) on the Coinbase Pro website it said, “increased latencies affecting order entry and fulfillment” for the Coinbase Pro service and investigated the issue .
A spokesman for Coinbase, one of the largest cryptocurrency exchanges, declined to comment.
Coinbase users on Twitter reported trading issues.
A Coinbase Pro user told Reuters: “The outage prevented me from submitting a buy limit order that would have been fulfilled when the limit price was reached. At that point, the order finally fulfilled but I missed the price for the time being . “
Bitcoin, the world’s largest cryptocurrency, fell 13% on Thursday to its lowest level since November 16, slowing its glowing rally and sparking a sell-off of smaller coins.
It last fell 9% to $ 16,904 and was on its way to its biggest one-day decline since September 3rd. The move represents a significant correction from the three-year high of its record hit of $ 19,521 on Wednesday.