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Bitcoin’s ATH made Binance and Coinbase experience technical issues

The users of two major crypto exchanges – Binance and Coinbase – have experienced technical issues and could not log in to their accounts on the exchanges.

The CEO of Binance tweeted an acknowledgment of the issues that surfaced in the past few hours:

Binance reassured its customers in a tweet stating:

“We are aware that some users may be experiencing issues when trying to access the site or the mobile app. Rest assured, our team is working on it.”

CZ says that the issues on Binance came from scaling when BTC went up by 5%, with the traffic increasing in tandem. He said that the issues were resolved, but he later admitted that it still could be some “latency issues here and there.”

Many Coinbase customers took to Twitter to report technical issues while using the platform. Coinbase team informed its customers in a status update that it was “currently investigating the issue.”

Coinbase faced similar issues in the past with the exchange going offline when Bitcoin fell from the $10K to $8K range in a few hours. By that time, Coinbase stated that it had experienced connectivity issues again.

But when Bitcoin soared above $10K, the exchange claimed that it added a “number of improvements” to avoid issues. Some of it included fixing the “health endpoint,” among others. Coinbase is to reveal equal solutions for the issues that the exchange has been facing.

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