Coinbase Halts Litecoin, Ether Trades as Prices Spike

in #coinbase7 years ago

Digital currency startup Coinbase says it paused trading for litecoin and ethereum, a move that came amid a period of heightened price action around both cryptocurrencies.images.jpeg

According to a message posted to its mobile app, "litecoin and ethereum buys and sells are temporarily disabled. We apologize for any inconvenience." The message links to Coinbase's status page, which shows a "major outage" for both litecoin and ethereum. An incident report posted to the page states that the situation had been resolved as of 12:01 p.m. EST.

The issues do not appear to extend entirely to GDAX, the company's digital asset exchange, although its own status page states that there is a "partial outage" for litecoin withdrawals. GDAX's litecoin market is seeing "degraded performance," according to the page, whereas ether trading is occurring as normal.

According to data from CoinMarketCap, GDAX's LTC market has seen more than $1.8 billion in volume in the past 24 hours. At press time, litecoin is trading at a price of roughly $326, whereas ether is trading at about $636..

Coinbase has been dogged by platform issues amid a period of notable price volatility around bitcoin and other cRyptocurrencies, a state of affairs that has grown more apparent as the startup's trading footprint grows. In a reflection of that, the firm's iOS app took the top spot on Apple's U.S.-based app store in recent days in spite of the problems, according to reports.

Source:https://www.coindesk.com/coinbase-halts-litecoin-ether-trades-prices-spike/amp/