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Crypto exchanges are overwhelmed by new Bitcoin rally

The largest cryptocurrency exchanges faced technical difficulties during the next bitcoin run. The software of platforms such as Coinbase, Binance, Kraken and Gemini turned out to be overloaded. The troubles began after BTC surpassed $ 40,000. The Coinbase trading system experienced the biggest difficulties. The day before, users of social networks began to massively complain about the sharp drop in the performance of the trading platform. Some wrote in the comments that they cannot access their account. The support service admitted that traders really faced difficulties. The Coinbase team is already aware of the problem and will try to resolve it as soon as possible. Binance CEO Changpeng Zhao tweeted that his platform was also overloaded. The administration of the Kraken exchange reported that technical difficulties in processing transactions were observed for several hours. However, the service is now fully operational. The Gemini exchange also acknowledged the decrease in productivity. Her press office published a post on social networks, in which she announced the presence of problems and a desire to eliminate them as quickly as possible.

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