Bitcoin growth led to technical problems on exchanges

The largest cryptocurrency exchanges faced technical difficulties during the next bitcoin run.

The software of platforms such as Coinbase, Binance, Kraken and Gemini turned out to be overloaded. The troubles began after BTC surpassed $ 40,000.

The biggest challenge was the Coinbase trading system. The day before, users of social networks began to massively complain about the sharp drop in the performance of the trading platform.

Some wrote in the comments that they cannot access their account. The support service admitted that traders really faced difficulties. The Coinbase team is already aware of the problem and will try to resolve it as soon as possible.

Binance CEO Changpeng Zhao wrote tweeted that his platform was also overloaded.

#Bitcoin ATH comes with ATH loads. System is experiencing a small websocket issue, team is working on it.

– CZ Binance (@cz_binance) January 7, 2021

The administration of the Kraken exchange reported that technical difficulties in processing transactions were observed for several hours. However, the service is now fully operational.

The Gemini exchange also acknowledged the decrease in productivity. Her press service published a post on social networks, in which she announced the presence of problems and a desire to eliminate them as quickly as possible.

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