Coinbase says it resolved glitch that blocked trades from U.S. bank accounts
Cryptocurrency exchange Coinbase Global Inc. said it resolved technical issues on Sunday night that had prevented U.S. bank account users from making payments or withdrawals for most of the day.
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Fast facts
- “We’ve fully resolved this issue and ACH transfers are now processing. We apologize for the inconvenience,” Coinbase Support said in a Tweet late Sunday night.
- ACH- The Automated Clearing House Network- is a system that electronically transfers funds between U.S. bank accounts.
- Coinbase identified “technical issues creating ACH transfers” as the cause of the disruptions for U.S. bank account holders, the company said in an earlier Tweet.
- User funds were safe, and all users could still make direct purchases using a debit card or PayPal account, the company said.
- Coinbase also reported that Solana token trading on its platform had also resumed Sunday night, following a major outage on the Solana network on Friday.
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