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Bitcoin Buying Hit Critical Mass; Crypto Exchanges Tensed

The world’s most famous cryptocurrency exchanges have experienced technical difficulties.

Four of the world’s most prominent cryptocurrency exchanges, namely, Coinbase, Binance, Gemini, Kraken, have been experiencing technical issues since Tuesday after Bitcoin’s price shot beyond $40,000.

Coinbase seems to be the hardest hit; its page on is now flooded with comments from users saying they can’t access the service.

A tweet from the company’s support account states that they are aware of the issue and are now working actively on a fix.

The CEO of Binance, Changpeng Zhao, stated that “Bitcoin ATH [all-time high] comes with ATH loads,” and said the exchange “is experiencing a small WebSocket issue.”

A Gemini support page states that the company’s systems are “currently experiencing degraded performance,” and that they are “continuing to investigate this issue.” However, there have been no further updates on the site.

A spokesperson from Gemini stated that the exchange “experienced no downtime or outages today although there have been brief periods where users may have experienced some site slowness during high peak periods.” The spokesperson continued that Gemini has added additional capacity to deal with the surge in demand and “will continue to do so as needed.”

Coinbase, Binance, and Kraken were not recently available for a response.

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