For some reason, Coinbase was seemingly completely unresponsive as Bitcoin crashed less than two days before its halving. The leading cryptocurrency dropped $1,500 in less than an hour.
It’s become something of a running joke that Coinbase seems to go down whenever there’s a surge in demand or a drastic drop. Again, the exchange failed to stay online during the most recent price collapse, according to social media posts.
Coinbase Goes Dark During Bitcoin Crash
Bitcoin’s long-awaited halving event is almost upon us—and markets are responding by crashing the price. Despite the bulls holding on to well above the $9,000 price point, they were unable to reclaim $10,000 with any success. With traders on edge, the movement downward was drastic. Bitcoin is now down some 9% for the day and is currently trading around the $8,700 price point. During crashes like these, exchange infrastructure is expected to be reliable. However, Coinbase has failed to deliver yet again. Many traders were met with an unexpected 502 error when they tried to log into their accounts. They were effectively locked out completely during the crash.

Coinbase’s Infrastructure Still Lacking
Despite being the ‘face’ of the cryptocurrency world for many newcomers, Coinbase continues to have poor infrastructure. Another outage was reported on April 30 when Bitcoin rose from $8,000 to $9,470. Coinbase, not surprisingly, went down during the surge. Safe to say, the exchange has a history of struggling to meet the demands of its own customers.
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Anton Lucian
Raised in the U.S, Lucian graduated with a BA in economic history. An accomplished freelance journalist, he specializes in writing about the cryptocurrency space and the digital...
Raised in the U.S, Lucian graduated with a BA in economic history. An accomplished freelance journalist, he specializes in writing about the cryptocurrency space and the digital...
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