With a new all-time high for Bitcoin in sight, Poloniex cryptocurrency exchange recently suffered a crash.
“Poloniex is currently unavailable due to an unexpected problem”, said the Twitter account of the customer service of the exchange on Friday. “We are investigating the problem and will keep you informed through this medium.”
Bitcoin has seen lush bullish price moves in the past few weeks. as well as it has managed to attract greater attention. When the traffic on the exchanges becomes heavy, their systems sometimes fail so traders can no longer access them. The same thing has happened in the past with other exchanges, including BitMEX and Coinbase.
“Poloniex is no longer in maintenance mode”, Publicity Poloniex in a follow-up tweet. “Our spot and margin markets are in post-only mode and withdrawals are temporarily unavailable.” In one Update They later confirmed the return of trading futures contracts on the platform.
Meanwhile, Bitcoin remains modestly close to its all-time high of $ 20,000. This year we’ve seen a significant amount of conventional care for the asset. Paul Tudor Jones, Square and MicroStrategy jumped on the train and bought large amounts of the digital currency.
Cointelegraph contacted Poloniex for further details, but did not receive them at the time this story was published. This article will be updated accordingly when we receive a response.
UPDATE November 20 10:03 pm (UTC): This article has been updated to reflect a request from Cointelegraph for a comment.