View full page at cryptocraft.com

 

Coinbase, Binance Go Down Amid Crypto Crash, Highlighting Appeal of Decentralized Exchanges

From decrypt.co

Several large cryptocurrency exchanges had trouble staying open during Wednesday's market crash, which saw Bitcoin and Ethereum lose 30% and 40% of their value, respectively, in 24 hours. Leading US exchange Coinbase reported "intermittent downtime" throughout the morning, while globally popular exchange Binance paused Ethereum-related token withdrawals, Gemini reportedly experienced lag times, and Kraken noted user "connectivity issues." Decentralized exchanges managed to stay up despite the high trading volumes generated by today's selloff. {tweet} Centralized exchanges such as Coinbase allow people to buy, sell, ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis