Its likely that they have been hitting scale issues for some time and this would also explain them not opening new accounts
They’re running on AWS, but the bigger problem is their platform architecture. If it takes a company 2 complete years to perform a platform migration to the cloud, and they still keep hitting issues post migration, something in their engineering side is seriously messed up. You can also blame Charlie Lee, the LTC creator who was their previous head of Engineering for this insane mess.
But it maybe a case where the hits are too high than expected.
I guess they haven’t heard about capacity planning/ stress testing. They’re probably the largest exchange/ platform WW, and they keep hitting these issues constantly for 3 months running? How is that not bad Engineering and business leadership?
Or could it go MtGox like it happened to me. 40 coins. Sigh.
Too many people trying to sell?
Na... Now everyone is buying it... It's back up.
It was because of the sales. Brace yourselves for a forced landing https://techcrunch.com/2017/12/22/coinbase-suspends-trading-amid-cryptocurrency-rout/
It's a simple run on the banks. Bitcoin will fall much further once opened
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I would say it's down from too many people. It's happened to them before.