Skip to content
Subscriber Only

Crypto Investors Fume as World’s Biggest Platforms Are Disrupted

  • Binance had temporarily disabled Ethereum withdrawals
  • Coinbase reported partial outages before fixing the issue
Bloomberg business news
Ark's Cathie Wood Says Bitcoin Will Still Rise to $500,000
Updated on

The world’s biggest crypto-trading platforms were hit by disruptions as digital currencies from Bitcoin to Ethereum slid Wednesday morning in a collapse that wiped out billions of dollars in market value.

Binance, the world’s biggest cryptocurrency exchange, temporarily disabled Ethereum withdrawals, citing network congestion, while Coinbase Global Inc. reported “intermittent downtime” on its platform, before saying it had identified and fixed the issue. Kraken said it was working to fix some client disruptions.