- Coinbase, the cryptocurrency trading platform, experienced an outage on Thursday as bitcoin soared by $3,000 in under three hours on its platform.
- The company's CEO Brian Armstrong said Friday the firm expects more outages during periods of high-volumes.
Coinbase is taking an "honesty is the best policy" approach.
The company's CEO Brian Armstrong warned users of the cryptocurrency trading platform that future outages on its app and mobile site might occur during periods of high trading volume.
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The price of bitcoin soared by $3,000 on its GDAX exchange platform Thursday to $19,500 in under three hours during a wild trading session. Customers experienced downgraded service during this period and couldn't log into their accounts. This isn't the first time Coinbase has experienced issues during periods of high volume. When bitcoin soared over $11,000 per coin in November, Coinbase experienced