luciJun 06, 2022 · 3 years ago6 answers What were the consequences of Coinbase's temporary shutdown on July 31, 2017, for cryptocurrency traders and investors?
What were the immediate and long-term effects on cryptocurrency traders and investors as a result of Coinbase's temporary shutdown on July 31, 2017? How did this impact the overall market sentiment and investor confidence? Did it lead to a significant drop in trading volume or affect the price of cryptocurrencies? Were there any alternative platforms that experienced a surge in users during this period? How did Coinbase handle the situation and what measures did they take to prevent similar incidents in the future?