On the night of October 28, the cryptocurrency exchange Coinbase halted trading due to issues loading order books.
During the remediation, the order books were switched to “cancel-only” mode, and then to “limit” mode. The exchange also faced an issue with order cancellations.
Just minutes before the outage, the price of Bitcoin reached a new yearly high of $13,867 (per Bitstamp).
At 03:24 Moscow time, Coinbase began to resume trading in a restricted mode.
Trading is not available in the pairs CVC/USDC, DAI/USD, DAI/USDC, DNT/USDC, GNT/USDC, LOOM/USDC, MANA/USDC, UMA/GBP, WBTC/BTC, WBTC/USD.
Earlier in June, Coinbase was offline for almost an hour during Bitcoin’s rally above $10,000. The issue was attributed to delays in data transmission.
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