Coinbase, Exchanges

Why Is Coinbase So Slow?

Bitcoin and Ethereum prices fell on Tuesday after Coinbase, the largest cryptocurrency exchange in the U.S.

, suffered an outage for several hours.

The sell-off was exacerbated by a report from The Wall Street Journal that the U.

Justice Department is investigating whether Coinbase engaged in insider trading ahead of its December listing on the NAsdaq.

Coinbase has been plagued by outages and delays over the past year, as it has struggled to keep up with the demand for cryptocurrencies. The exchange went down for several hours on Tuesday, preventing customers from buying or selling digital assets.

The downtime coincided with a sharp drop in prices of Bitcoin and Ethereum, the two largest cryptocurrencies by market value. Bitcoin fell as low as $30,000 on Tuesday before rebounding to around $33,000, while Ethereum dipped below $1,900 before recovering to around $2,100.

Coinbase has blamed the outages on a number of factors, including record traffic levels and technical issues. However, some customers have accused the exchange of deliberately causing delays in order to manipulate prices.

The Justice Department’s investigation is still in its early stages, and it’s unclear if any wrongdoing will be uncovered. However, the news adds to the pressure on Coinbase, which is already facing scrutiny from lawmakers and regulators over its business practices.

Why Is Coinbase So Slow?

There are a number of factors that can contribute to why Coinbase is slow. These include: record traffic levels, technical difficulties, customer complaints about manipulation, and an ongoing investigation by the U.

Justice Department. While Coinbase has blamed these issues in the past, some customers remain skeptical about the exchange’s intentions.

Previous ArticleNext Article