On October 27, COINBASE Pro temporarily disabled trading on its platform amid feed issues, according to the exchange’s status page. Trading continues to be disabled as officials monitor the solution.
- Coinbase first investigated the issue on October 27, identifying the issue shortly before 17:00 PDT
- Most trading books had returned to full trading mode with the expectation of 10 books which remained in limit only mode; an hour after, Coinbase began investigating issues concerning order cancellation and account holds
- The team implemented a fix at 22:30 PDT, which it continues to monitor; trading remains disabled
- Coinbase has faced downtime on multiple occasions in 2020, which has been the subject of much criticism; this particular episodes comes as Bitcoin (BTC) tests the $14,000 mark
- The exchange went offline during the market crash in May 2020, as well as during the Bitcoin rally in April 2020
- The community response has been harsh, noting that the exchange often goes offline when Bitcoin’s volatility increases
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- Coinbase Pro offloads fees onto users