Coinbase Reports Delays in Processing Bitcoin Withdrawals Due to Network Congestion
Leading cryptocurrency exchange Coinbase, on a day when the price of bitcoin (BTC) reached a new all-time high, said it is experiencing delays processing BTC withdrawals due to Bitcoin network congestion.
- Deposits, buys and sells are not impacted, the exchange said.
- Coinbase has suffered a number of issues – mainly outages – during busy trading periods this year including most recently on Nov. 26.
- The most recent issue comes as BTC eclipsed its all-time high of $19,783 Monday morning en route to setting a new record of $19,864 before giving back some of those gains, trading at $19,478.89, up 6.90% at press time.
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