Coinbase Inc. ($COIN), one of the largest crypto exchanges that went public last month has malfunctioned again as users were unable to access their accounts amid a $500 billion market wipe-off.
We’re seeing some issues on Coinbase and Coinbase Pro and we’re aware some features may not be functioning completely normal. We’re investigating what’s going on right now, and as soon as we know more we’ll let you know.
— Coinbase Support (@CoinbaseSupport) May 19, 2021
The crypto market is down by over 25% with liquidations of over $8 billion.
CoinmarketCap, the popular crypto price data platform is down as well. The market mayhem has not just lead to the liquidation of billions of leveraged positions, it has also disrupted major service platforms as well.
Source: https://coingape.com/coinbase-coinmarketcap-go-down-amid-500b-crypto-wipe-off/
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