Coinbase crashes again, third episode in recent weeks

Coinbase, the popular cryptocurrency trading platform, faced intense criticism from its users after it experienced a significant outage, coinciding with Bitcoin reaching an unprecedented all-time high of $70,000 on Friday.

Third crash in recent few weeks

This incident marks the third time Coinbase has encountered such issues amidst a surge in Bitcoin’s value over recent weeks.

The timing of the crash, occurring as Bitcoin shattered records following a two-year period of anticipation, has left many Coinbase users frustrated and angry.

The repeated outages during critical moments of trading activity have raised concerns about the platform’s reliability and capacity to handle spikes in trading volume.

The repeated disruptions have sparked a dialogue about the need for enhanced infrastructure and support to accommodate the growing interest and investment in digital currencies.

Coinbase has yet to respond to the backlash or provide a detailed explanation for the repeated technical difficulties.