Cryptocurrency exchange Coinbase (COIN) says that it has fixed a technical glitch that caused it to temporarily halt payments and withdrawals involving U.S. bank accounts.
Coinbase issued several tweets aimed at reassuring its clients that the “incident has been resolved” and U.S. payments and withdrawals are again be executed as normal.
Over the weekend, Coinbase had said that a technical issue resulted in it being “unable to take payments or make withdrawals involving U.S. bank accounts.”
Throughout the ordeal, Coinbase said that its customers could continue using a debit card or PayPal (PYPL) account to make direct buys in their accounts.
The troubles at Coinbase were not the only issues in the cryptocurrency sector last weekend. Digital token Solana (SOL) suffered what it called a “major outage” that lasted more than six hours.
Coinbase is the biggest cryptocurrency exchange in America by trading volume. In 2021, the company posted revenues of $7.84 billion U.S.
Coinbase’s stock has fallen 74% this year to trade at $65.95 U.S. per share.
