Coinbase ‘back up’ after outage reports follow Super Bowl ad

Coinbase had to throttle traffic to its cryptocurrency exchange, after its on Super Bowl ad that promised free Bitcoin nearly crashed the service. — AP Photo/File

Coinbase Global Inc., the largest US cryptocurrency exchange, said it was back up and running after having to throttle traffic earlier in the evening following the release of an ad during the Super Bowl.

Coinbase reported "more traffic than we’ve ever encountered,” which meant it needed to "throttle traffic for a few minutes,” Chief Product Officer Surojit Chatterjee said in a tweet.