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Cryptocurrency exchanges, which not have the industrial infrastructure of traditional exchanges like the New You are able to Stock Market or even the Nasdaq, they are under pressure to deal with record buying and selling volumes.
Bitcoin soared above $19,500 a gold coin on Coinbase’s GDAX exchange on Thursday at approximately 11:30 a.m. ET, three hrs after it blew past $16,000.
The huge tear upward appears to possess put pressure on Coinbase’s infrastructure — the exchange stated on Twitter that users were experiencing issues logging to their accounts due to record traffic:
The exchange was lower for around an hour on Friday, 2 days following a major system outage stored many users from being able to access their bitcoin wallets.
At 12:48 p.m., for example, bitcoin was buying and selling at $19,141 a gold coin on Bithumb, an exchange in Columbia. Simultaneously, it had been buying and selling at $14,573 on Bitfinex, located in Taiwan.