Coinbase outage caused crypto purchase issues, not an intentional ban

On Jan. 29, a number of Coinbase users reported issues with the platform’s buy and sell functions. The Coinbase difficulties arose just a day after Robinhood barred GameStop (NYSE:) share purchases following surging prices on the stock. A recent blog post indicates the Coinbase difficulties arose from an outage, not a ban on trading.

“Between 4:25am and 9:31am PST on Friday, January 29, api.coinbase.com had an outage,” Coinbase said in a post on Feb. 5. “During this time, many users experienced errors while attempting to use the Coinbase app and crypto buying, selling and trading features were intermittently available,” the post added, also noting that users of its professional exchange, Coinbase Pro, were still able to sign on to the platform.