Coinbase halts buying and selling as crypto market plunges
Dec 22, 2017, 22:11 IST
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- Coinbase, the largest platform for buying and selling cryptocurrencies, has put a halt on trading Friday.
- The entire market for digital currencies was under intense pressure with bitcoin trading down 20% on Coinbase's GDAX exchange.
Coinbase, the largest cryptocurrency trading platform, has disabled buys and sells on its platform amid a massive cryptocurrency sell-off.
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The company said it is "working on a fix," adding that it apologizes for inconveniences.
Meanwhile, all major cryptocurrencies were trading in the red. Bitcoin was down more than 20% at the time of writing on Coinbase's GDAX exchange. It was trading at $12,650, down from an all-time high above $19,000 earlier in December.
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