Coinbase Reports Delays in Processing Bitcoin Withdrawals Due to Network Congestion

CRYPTONAIRE LYWEEK

CRYPTO investment journal

Coinbase Reports Delays in Processing Bitcoin Withdrawals Due to Network Congestion

Leading cryptocurrency exchange Coinbase, on a day when the price of bitcoin (BTC) surpassed its all-time high, said it is experiencing delays processing BTC withdrawals due to Bitcoin network congestion.

Deposits, buys and sells are not impacted, the exchange said.

Coinbase has suffered a number of issues – mainly outages – during busy trading periods this year including most recently on Nov. 26.

The most recent issue comes as BTC eclipsed its all-time high of $19,783 Monday morning en route to setting a new record of $19,864 before giving back some of those gains, trading at $19,478.89, up 6.90% at press time.

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