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News

Coinbase Exchange Takes A Break For System Upgrade, Promises Better Trading Experience

February 27, 2023 - Around 2 mins mins to read

Key Points:

  • The upgrade was set to take place on February 25th, which caused disruptions to trade, transfers, and access to funds on the platform, but Coinbase assured its users that it would work to minimize any inconvenience.
  • Coinbase has launched a new feature that allows users to buy cryptocurrency with debit cards and has added support for new cryptocurrencies, including Cardano (ADA) and Ankr (ANKR).
  • The upgrading time will not affect Derivatives, Cloud, and NFT.
Coinbase, one of the largest cryptocurrency exchanges, announced a system upgrade in a blog post on February 24th. The upgrade was set to take place on February 25th, aiming to improve the platform’s performance and reliability.
Coinbase Exchange Takes A Break For System Upgrade, Promises Better Trading Experience

The upgrade was expected to cause disruptions to trade, transfers, and access to funds on the platform. Still, Coinbase assured its users that it would work to minimize any inconvenience. The exchange advised users to plan and ensure they had enough funds in their accounts to cover any positions they might have open during the upgrade.

According to the blog post, the upgrade was necessary to address issues related to the exchange’s growth and increasing demand. Coinbase has seen a surge in activity in recent months, with the value of cryptocurrencies soaring to new highs and more investors entering the market.

The exchange has also been working to improve its services and expand its offerings to meet the needs of its customers. In recent weeks, Coinbase has launched a new feature that allows users to buy cryptocurrency with debit cards and has added support for new cryptocurrencies, including Cardano (ADA) and Ankr (ANKR).

Coinbase Exchange Takes A Break For System Upgrade, Promises Better Trading Experience

However, this upgrading time will not affect Derivatives, Cloud, and NFT.

It is noticeable that Coinbase’s system upgrade is a sign of the exchange’s commitment to providing a reliable and secure platform for cryptocurrency trading. As the crypto market continues to evolve and grow, it will be important for exchanges like Coinbase to stay ahead of the curve and keep pace with the demands of their users.

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.

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Author

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.