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Coinbase Down as Bitcoin Price Falls 20%

Written by:

Aaron Goldstein

Published on:

May/19/2021

The digital currency exchange Coinbase, which recently went public, confirmed they were having access issues Wednesday morning.

"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 was trending on Twitter throughout Wednesday morning.

That company's stock price fell 10% during the course of the last few hours.

It is advised that those in the gaming world looking to make withdrawals hold off doing so until this matter is resolved, especially with the price of Bitcoin sliding rapidly.

As of 10:22 am ET, Bitcoin was down 20% or $34763. Much of the decline has been attributed to China cracking down on Bitcoin transactions.

- Aaron Goldstein, Gambling911.com

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