Warning from Coinbase that it could crash again



The company's CEO Brian Armstrong warned users of the cryptocurrency trading platform that future outages on its app and mobile site might occur during periods of high trading volume. 
"We wanted to remind customers that access to Coinbase services may become degraded or unavailable during times of significant volatility or volume," Armstrong wrote in a Medium post Friday. "This could result in the inability to buy or sell for periods of time."

The price of bitcoin soared by $3,000 on its GDAX exchange platform Thursday to $19,500 in under three hours during a wild trading session. Customers experienced downgraded service during this period and couldn't log into their accounts. This isn't the first time Coinbase has experienced issues during periods of high volume. When bitcoin soared over $11,000 per coin in November, Coinbase experienced a "partial system outage," during which time many users found themselves locked out of their accounts.

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