Which two crypto exchanges experienced a crash and why?

3 answers

• Emerald15Jun 23, 2022 · 3 years ago
  Sure! One of the crypto exchanges that recently experienced a crash is Binance. The crash was caused by a sudden surge in trading volume, which overwhelmed the exchange's infrastructure and led to temporary service disruptions. Another exchange that faced a crash is Coinbase. The crash was a result of a technical glitch in their trading system, which caused incorrect price calculations and disrupted trading activities for a short period of time.
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• Rafay KhanMay 03, 2024 · a year ago
  Oh man, it was crazy! Binance and Coinbase both went down like a rollercoaster. Binance got hit by a massive wave of trading, and their servers couldn't handle the load. It was like trying to fit an elephant through a mouse hole. As for Coinbase, they had a bug in their system that messed up the prices. It was like a glitch in The Matrix, man. But hey, they got it fixed pretty quickly, so no harm done.
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• Mathias MadsenDec 16, 2021 · 4 years ago
  According to reports, Binance and Coinbase experienced crashes recently. Binance's crash was due to a surge in trading activity, which caused their servers to become overloaded. This resulted in temporary service disruptions and delays in executing trades. Coinbase, on the other hand, faced a crash caused by a technical glitch in their trading system. The glitch led to incorrect price calculations and affected the trading activities on the platform for a brief period of time. It's important to note that both exchanges took immediate action to address the issues and restore normal operations.
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