CoinbaseUsers were unable for six hours to perform US bank account transactions on Sunday. Just before 7 AM ET, an issue with the Automated Clearing House Network was discovered. This is used to make electronic transfers between accounts within the country. The company Its status page contains the following:It detected the problem, which was described as a major outage, by 8:23AM. It then resolved it by 12.41PM.
Users were still able buy during the outage cryptocurrencyWith a PayPal account or debit card, you can: Decrypt noted. They were not able to withdraw to a US bank account.
“We’ve fully resolved this issue and ACH transfers are now processing. We apologize for the inconvenience,” Coinbase Tweeted. Users’ funds were said to be safe by the company during the outage, at least if they don’t consider the volatility of crypto markets.
As Web3 is going greatCoinbase, according to Coinbase, is the largest cryptocurrency exchange within the United States. It is ranked seventh in the world in terms of trading volume. CoinCecko. Coinbase users had traded $572 Million in the 24 hours prior to this writing.
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