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Coinbase back online following outage for some users amid bitcoin sell-off

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Key Points
  • Crypto-exchange Coinbase said its site and app resumed service after a brief outage earlier in the day.
  • Coinbase was down for some users Wednesday morning as digital coins plunged.
  • Several social media users seemed frustrated at the app and site's error while cryptocurrencies were plunging, looking to buy the dip.

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Screenshot of the Coinbase site
Coinbase

Crypto-exchange Coinbase has resumed services, the company said. The service was offline for some users earlier on Wednesday as digital coin prices plunged.

"We've put a fix in place and are monitoring the results, however you shouldn't run into any more trouble logging into Coinbase and Coinbase Pro. We sincerely apologize for any trouble caused by this issue, and we thank you for your patience with us today," the company said in a tweet.

Several social media users seemed frustrated at the app and site's error while cryptocurrencies were plunging, looking to buy the dip.

Bitcoin, the world's largest digital token, was down 14% in 24 hours to $37,256, according to Coindesk. Ether, the digital currency that powers the Ethereum blockchain, was down 19% in the last 24 hours to $2,731. Dogecoin also plunged 20% to 38 cents apiece.

Binance, another popular trading platform among retail investors, also had paused ethereum withdrawals earlier Wednesday and have since resumed.

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