Coinbase users unable to withdraw funds to U.S. bank accounts for six hours

Coinbase On Sunday, users were unable to conduct U.S. bank account transactions for about six hours. Problems with the automated clearinghouse network used for electronic transfers between bank accounts in the country occurred just before 7 a.m. ET.company on its status page it says It discovered the issue, described as a “major outage,” by 8:23am, and resolved it by 12:41pm.

During a power outage, users can still purchase cryptocurrency Using a debit card or PayPal account such as decrypt famous. However, they were unable to withdraw funds to U.S. bank accounts.

“We have fully resolved the issue and are now processing ACH transfers. We apologize for the inconvenience,” Coinbase wrote on twitter. The company says that users’ funds are safe during the outage (at least if you don’t factor in the volatility of the crypto market).

as Web3 is going well Noting that Coinbase is the largest cryptocurrency exchange in the United States.It ranks seventh globally in terms of transaction volume, with every CoinCecko. At the time of writing, Coinbase users have traded $572 million in the past 24 hours.

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