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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 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.

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.

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 Last time in September 2022, the exchange was “withdrawn” by Georgia users because of a decimal point error in determining the wrong exchange rate.

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Harold

CoinCu News

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.