Crypto exchange Coinbase hit by tech trouble as bitcoin breaks $20,000 for first time


  • TECH
  • Wednesday, 16 Dec 2020

FILE PHOTO: Representations of Bitcoin and U.S. dollar banknotes are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/File Photo

LONDON (Reuters) - Major U.S. cryptocurrency exchange Coinbase said on Wednesday its retail and professional-focused platforms were hit by connection problems and network congestion, as bitcoin smashed through $20,000 to its highest level ever.

California-based Coinbase said on its website at 15:41 GMT it had "implemented a fix" to address "congestion issues" on its retail platform Coinbase.com and was monitoring the situation.

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