Coinbase Pro Down After The Company Cancelled Live and Pending Orders In BTC/USD
Coinbase Pro, one of the most popular and largest exchanges in the market, has been down for a few hours on April 11. According to Abacus Journal, the crypto exchange was investigating issues with trading on the BTC-USD order book.
After it, they cancelled the orders in this specific market. Only the BTC-USD has been affected.
Coinbase Pro’s Order Book Under Investigation
Coinbase has been down for a few minutes after they informed that they were experiencing some issues with the BTC/USD order book.
According to the exchange, all the live and pending orders in this trading pair have been cancelled.
Coinbase Pro announced on Twitter that the issue has now been solved and that all the orders were cleared. Now, trading has resumed as normal and users can keep using the platform. As it is possible to see on their official site, the exchange is 100 percent operational.
There were some users that asked whether this could be related to a hack or an attack that the exchange was suffering. However, other trading pairs have not been affected and there are no reports of lost funds. Thus, it is highly possible that there was an internal issue with the USD/BTC trading pair rather than a situation that could compromise users’ funds.
Coinbase Pro is one of the safest exchanges in the market. It is one of the platforms that has never been affected by a hack and they have very strict security policies and procedures to protect users’ funds.
According to Bitfinex’ed, it is possible to see that 3750 BTC were dumped in just fifteen minutes on Coinbase. After this, they have decided to freeze the trading pair.
Another user explained that the platform has been doing this for over a year when trading volume increases in the space. In this case, Bitcoin (BTC) was falling when the exchange decided to suspend the USD/BTC trading pair.