The San Francisco-based broker is experiencing several interruptions in its normal business operations. According to the company's status page, it now faces delays in transactions, delays in cable processing and delays in identity verification. Coinbase also reports that users get degraded performance for Bitcoin (BTC) and Ethereum (ETH).
The Coinbase team blames all these problems of high traffic, large volumes and the need to deal with an accumulation of transactions. This is in common with other exchanges around the world that say they can not handle the massive influx of new operators without causing operational problems. Also similar to the other trading centers, the Coinbase team promises that they are working on adding additional resources to optimize their systems to scale.