On the evening of May 19th, Nigeria time, according to reports, along with the decline in the price of digital cryptocurrencies such as Bitcoin, Coinbase, the largest digital cryptocurrency exchange in the United States, went down today.
In this regard, Coinbase said in a statement: “We have found some problems with Coinbase and Coinbase Pro, and some functions may not work properly. We are currently investigating these issues and will provide an update as soon as possible.”
Regarding the downtime of the Coinbase website and App, some users expressed frustration on social networks because they wanted to take the opportunity to buy at a time when the price of digital cryptocurrencies was plummeting. Affected by this, in early trading today, Coinbase’s stock price fell 10%.
The data shows that, as the world’s largest digital cryptocurrency, the price of Bitcoin has fallen by 25% in the past 24 hours to 33,147 US dollars. The price of Ether fell 37% to US$2227. The price of Dogecoin also fell 37% to 33 cents.
In addition to Coinbase, another trading platform popular with retail investors, “Binance” also announced this morning that it will suspend the withdrawal of some encrypted digital currencies.
Reminder : Investment is risky, and you need to be cautious when entering the market. Digital currency investment has greater risks and unpredictability, and this article does not constitute any form of investment encouragement and advice.