Cryptocurrency platform Coinbase suspends Litecoin and Ether trading

Digital money startup Coinbase said on Tuesday it has suspended the trading of Litecoin and Ether. After some time, the prices of these two digital currencies soared.

A message from the Coinbase mobile app shows: “The sale of Litecoin and the Ether was temporarily suspended, and we apologize for the inconvenience.” The news links to Coinbase’s status page, which shows that the transactions between Litecoin and Ether are between “Interrupted.” An incident report posted to this page shows that the problem has been solved by 12:01 pm EDT.

This issue does not appear to have spread to GDAX, a digital asset exchange at Coinbase. However, the exchange’s status page also shows a “partial interruption” in the cash withdrawal of Litecoin. The GALTX Litecoin market is in a “performance downgrade” while the Ether transaction is still normal.

According to CoinMarketCap, the GDAX Litecoin market has traded over 1.8 billion U.S. dollars in the past 24 hours. As of press time, Litecoin price is about 326 US dollars, while the etheric currency is about 636 US dollars.

Over the past period, the prices of Bitcoin and other cryptocurrencies have fluctuated dramatically, and Coinbase has been plagued by platform issues. As the company stepped into more trading business, the issue became more apparent. However, despite the problems, the company’s iOS application continues to rank the No. 1 in the U.S. App Store in the Apple App Store in recent days.

Add a Comment

Your email address will not be published. Required fields are marked *