According to multiple reports, exchanges such as Coinbase, GDAX, Gemini, Bitstamp, Kraken, Bitfinex, and others had issues with their websites during the day. Traders complained of downtime during the dip, margin trading liquidations, and flash crashes. For instance, the trading platform Gemini has a whole page report on multiple issues of “degraded performance” during the day.
“We have received a few messages where customers see a ‘504 Gateway Time-out’ message,” explains the exchange status page.
Coinbase and GDAX Experience Downtime
Another popular cryptocurrency platform that had issues during the day was Coinbase, and its sister company GDAX also had multiple problems with website operations.
“A portion of customers may be unable to access Coinbase — We are working to restore access to all users,” explained the company. Further, the company’s trading engine GDAX also suffered technical difficulties.
“We are currently investigating performance issues and downtime on the web app and REST API,” said the GDAX on November 29.
Kraken and Bitstamp Outages
Outages also took place on Kraken, as the website Down Detector reveals: the exchange had issues from 8 am to 9 pm EDT. There are multiple comments on the portal of Kraken customers upset with the downtime. Additionally, at the same time Down Detector had recorded some outages that happened over at Bitstamp. The European exchange had over 140 reports of outages between 11 am to 8 pm according to the Down Detector. Bitstamp outages were reported in the U.S., the Czech Republic, Germany, Holland, and many other areas across Europe. The trading platforms Poloniex and Bittrex also had customers who complained about website performance on Wednesday.