Coinbase is down amid massive cryptocurrency plunge

Coinbase is down amid massive cryptocurrency plunge

Illustration by Alex Castro / The Verge

Cryptocurrency exchange Coinbase is experiencing a “partial” outage this morning for its entire site and application. Additionally, both Coinbase and Binance are reporting issues specifically focused around withdrawals of Etherium and ERC-20 tokens this morning due to “network congestion.”

“We’re seeing some issues on Coinbase and Coinbase Pro and we’re aware some features may not be functioning completely normal. We’re currently investigating these issues and will provide updates as soon as possible,” Coinbase commented in a statement.

The outage comes in the midst of a massive cryptocurrency plunge over the past week — and particularly the past 24 hours — that has seen the price of some of the most popular…

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