Poloniex and Deribit Disable Trading, What's Happening With Cryptocurrency Exchanges?

Two popular cryptocurrency exchanges, Poloniex and Deribit announced that they suspended activities for a short period of time. On Twitter, both exchanges informed their customers that they have been experiencing technical issues with their platforms.

Poloniex, for example, said that they had some technical difficulties and that trading has been disabled. At the same time, trading has been placed into maintenance mode.

Deribit explained that they experienced locked order books between 19.31 and 20.01 UTC. Due to this reason, trading had been halted.

However, the situation is now under control and trading books are open once again. The platform informed that they are investigating these issues.

This is something that has been worrying users around the world.

A few days ago, we have written how the New Zealand-based cryptocurrency exchange Cryptopia was hacked losing millions of dollars in digital assets.

During the last few years, exchanges in the cryptocurrency market have been hacked, exposing users’ funds to criminals and losing millions of dollars.

As the crypto community has very present the hack that Cryptopia experienced, users are worried that other platforms could be targeted and attacked by hackers. Additionally, both exchanges, Poloniex and Deribit have been affected during the same hour, which has also raised concerns among crypto users.

It is always important to store digital assets using hardware wallets rather than exchanges. Centralized platforms that handle digital assets on behalf of their clients are usually targeted by attackers. Hardware wallets are currently the safest way to store virtual currencies.

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Carl T
Carl T
Carl is a legend in cryptocurrency space for his long-storied experience, history and insights. He is a digital nomad who fell in love with bitcoin and its offspring for many years now and prides himself on delivering quality perspectives in the emerging world of crypto-assets and blockchain technology.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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