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Seeking Alpha 2022-10-03 13:12:50

Coinbase resolves issues tied to brief halt in payments, withdrawals

Cryptocurrency exchange Coinbase Global (NASDAQ:COIN) has fixed "technical issues" in connection with a temporary suspension in payments and withdrawals involving U.S. bank accounts, it said in a recent systems status update.During the halting period, users were still able to use a debit card or PayPal account to make direct purchases on their account."We’ve fully resolved this issue and ACH transfers are now processing," the exchange said towards the end of the weekend in a Twitter post. The move comes after Coinbase (COIN) said at the beginning of September that it was investigating short-lived delays in deposits and withdrawals. COIN shares perked up 1.1% in premarket trading as stock index futures pointed to a higher opening and bitcoin (BTC-USD) rose 0.6% to $19.27K.In mid-July, Coinbase investigated issue of delayed EOS withdrawals.

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