Coinbase and Gemini Exchanges Crash After Bitcoin Price Surge

In the midst of incredibly volatile trading in BTC this afternoon, 2 of the worlds largest exchanges crashed today. Coinbase and Gemini (a cryptocurrency exchange owned by Cameron and Tyler Winklevoss), crashed on Wednesday as trading reached 8X normal volumes. Most of the functionality has been restored, but some users are still experiencing delays and outages.

According to BusinessInsider:

  • Two of the biggest cryptocurrency exchanges, Coinbase and Gemini, crashed on Wednesday morning, making it impossible for many users to buy or sell digital currency.
  • Coinbase said it saw “all-time-high traffic” that contributed to system outages.
  • Bitcoin fell to about $9,000 on Wednesday after surging earlier to over $11,000

Read the rest of the article on BusinessInsider

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