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News

Coinbase Says System Error Has Been Fixed

October 3, 2022 - Around 2 mins mins to read
Coinbase Global Inc., a cryptocurrency exchange, said on Sunday that it had overcome technical difficulties that had prohibited US bank account customers from making payments or withdrawals for most of the day.
Coinbase Says System Error Has Been Fixed
Coinbase Says System Error Has Been Fixed 4

Coinbase Support said in a Tweet on Sunday:

The Automated Clearing House Network, or ACH, is a system that electronically transfers cash between bank accounts in the United States.

Coinbase Says System Error Has Been Fixed
Coinbase Says System Error Has Been Fixed 5

According to a previous Tweet, the difficulties for US bank account customers were caused by “technical issues creating ACH transfers.”

Following a massive outage on the Solana network on Friday, the exchange confirmed that Solana token trading on their platform has also resumed on Sunday.

Coinbase Says System Error Has Been Fixed
Coinbase Says System Error Has Been Fixed 6

This was the second incident in a row in less than two months Coinbase faced the barrier of its system vulnerability, which had quite a negative impact on user experience. Last time in September 2022, the exchange was “withdrawn” by Georgia users because of a decimal point error in determining the wrong exchange rate.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

#ACH

#Automated Clearing House Network

Coinbase

crypto

Georgia

Solana

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

Coinbase Says System Error Has Been Fixed

Coinbase Global Inc., a cryptocurrency exchange, said on Sunday that it had overcome technical difficulties that had prohibited US bank account customers from making payments or withdrawals for most of the day.
Coinbase Says System Error Has Been Fixed
Coinbase Says System Error Has Been Fixed 10

Coinbase Support said in a Tweet on Sunday:

The Automated Clearing House Network, or ACH, is a system that electronically transfers cash between bank accounts in the United States.

Coinbase Says System Error Has Been Fixed
Coinbase Says System Error Has Been Fixed 11

According to a previous Tweet, the difficulties for US bank account customers were caused by “technical issues creating ACH transfers.”

Following a massive outage on the Solana network on Friday, the exchange confirmed that Solana token trading on their platform has also resumed on Sunday.

Coinbase Says System Error Has Been Fixed
Coinbase Says System Error Has Been Fixed 12

This was the second incident in a row in less than two months Coinbase faced the barrier of its system vulnerability, which had quite a negative impact on user experience. Last time in September 2022, the exchange was “withdrawn” by Georgia users because of a decimal point error in determining the wrong exchange rate.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News