Coinbase says it has re-enabled cryptocurrency trading after suspending it for several hours due to “high traffic”
Resolved - This incident has been resolved. Frank Chaparro / Business Insider : Trading halted on Coinbase — the largest US crypto exchange — as bitcoin tanks Tweets: @techcrunch : Update: Coinbase up with intermittent suspensions after stopping transactions for crypto http://techcrunch.com/... http://twitter.com/... @coindesk : GDAX: “We have resolved the issue. GDAX will move from post-only to active trading at 10:15am PST.” Matt Watkajtys / @mattwatkajtys : The fascinating part is they didn't halt trading at all. GDAX and the API is still running, and has been. So it's not like they turned on a circuit breaker (they don't have them) They're just preventing ‘normal’ people from buying and selling. @mikeisaac : this is an incredibly disingenuous way for coinbase to say it's halted trading due to insane volatility http://twitter.com/... Tony Webster / @webster : Is anyone surprised? Coinbase's terms say they can delay initiation or crediting of any transaction “for 48 hours or more,” they can change limits “as we deem necessary in our sole discretion,” and you can't sue them. http://twitter.com/... Josh Centers / @jcenters : What a lousy company. https://twitter.com/... Coinbase Support / @coinbasesupport : [status] Monitoring: Due to today's high traffic, buys and sells may be temporarily offline. http://stspg.io/... Todd Harrison / @todd_harrison : The digital equivalent of a bank run. http://twitter.com/... Ian Millhiser / @imillhiser : Phew. I so grateful I passed up bitcoin and invested my entire fortune in Danish tulip bulbs and http://pets.com/. http://twitter.com/... Adrianne Jeffries / @adrjeffries : Is it illegal for Coinbase to freeze transactions because the price is dropping? It feels like that should be illegal http://www.cnbc.com/... Justin Spratt / @justinspratt : How is this ok? It's not a ‘market-maker’ nor an exchange, so it must provide liquidity to its clients... What am I missing? http://twitter.com/... @thomasfuchs : “Totally not a crash, it's just a pullback” http://twitter.com/... Ben Carlson / @awealthofcs : How is there no decent competing firm to Coinbase yet w/lower fees that actually works? http://twitter.com/... Barry Schwartz / @rustybrick : The sky is falling http://twitter.com/...