How long was Coinbase disabled on July 31, 2017, and how did it affect the cryptocurrency market?

3 answers

• Jameson scottMay 27, 2022 · 3 years ago
  Coinbase was disabled for approximately 2 hours on July 31, 2017. During this time, users were unable to access their accounts, make trades, or withdraw funds. The disablement caused a temporary disruption in the cryptocurrency market as Coinbase is one of the largest and most popular cryptocurrency exchanges. As a result, the prices of cryptocurrencies on other exchanges experienced increased volatility, with some experiencing significant price fluctuations. However, the overall impact on the cryptocurrency market was relatively short-lived, and prices stabilized once Coinbase resumed normal operations.
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• Hernisudarsih 20Dec 11, 2021 · 4 years ago
  On July 31, 2017, Coinbase experienced a temporary disablement that lasted for about 2 hours. This unexpected interruption in service had a noticeable impact on the cryptocurrency market. Traders and investors who relied on Coinbase for their transactions were unable to access their accounts or execute trades during this period. As a result, trading volumes on other exchanges increased as users sought alternative platforms to buy and sell cryptocurrencies. The disablement also led to increased uncertainty and market speculation, causing some cryptocurrencies to experience price fluctuations. However, once Coinbase resolved the issue and restored its services, the market quickly regained stability.
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• Junqi ZhaoJun 04, 2023 · 2 years ago
  Coinbase, one of the leading cryptocurrency exchanges, faced a temporary disablement on July 31, 2017, which lasted for approximately 2 hours. This incident had a significant impact on the cryptocurrency market, as Coinbase serves as a major trading platform for many investors. During the disablement, users were unable to access their accounts or conduct any transactions, leading to a decrease in trading activity. This disruption caused a ripple effect on other exchanges, with some experiencing increased trading volumes and price fluctuations. However, it's important to note that the impact was relatively short-term, and the market quickly recovered once Coinbase resolved the issue and resumed its operations.
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