Coinbase, Gemini and Kraken reported outages after sharp 16% drop in first cryptocurrency.
The largest cryptocurrency exchanges in the world reported technical problems after the bitcoin rate plummeted by 16%.
On the evening of September 7, the cost of the first cryptocurrency dropped to $ 42.8 thousand in an hour and a half for the first time since mid-August. In particular, outages were reported by Coinbase , Gemini and Kraken .
We’re aware transactions are currently delayed or cancelled at elevated rates and our apps may be experiencing errors. Our team is investigating the issue and we’ll update here as soon as we know more.
— Coinbase Support (@CoinbaseSupport) September 7, 2021
Minor glitches (incorrect display of asset values, delay in order execution and long response times of the trading platform) were observed in the work of the world’s largest crypto exchange in terms of trading volume, Binance. Site representatives did not report any technical problems.
As a result of the sharp decline in bitcoin to $ 42.8 thousand, traders lost more than $ 3.5 billion due to the liquidation of positions. The largest loss per trade occurred on the Huobi crypto exchange paired with Bitcoin and amounted to $ 43.7 million.