The crypto enterprise Coinbase, rooted in San Francisco, experienced an influx of online visits that surpassed the tenfold increase anticipated by their projections. Brian Armstrong, the CEO of Coinbase, shared updates about the heightened traffic following the exchange’s operational hiccups, which coincided with bitcoin’s climb to $64,000 on Wednesday.

Coinbase Traffic Spike Surpasses Expectations

Coinbase, along with various other cryptocurrency trading platforms, encountered disruptions in service as BTC reached its peak for the day. Several Coinbase users reported seeing a zero balance in their accounts despite owning cryptocurrency on the platform. On Wednesday, Coinbase recognized the glitch and assured its users through a public statement that their assets “are safe.”

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by Jamie Redman