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The Coinbase exchange went offline due to a five times higher traffic spike during the Bitcoin surge

June 8, 2020

The largest cryptocurrency exchange in the United States said that The automatic scaling could not keep up with a large increase in traffic, which resulted in many users being unable to connect on June 1st.

According to a blog post released on June 6 by Coinbase software developer Michael de Hoog, The stock exchange saw a 5-fold increase in traffic over four minutes on June 1 around 4:05 p.m. PDTmore or less as the price of Bitcoin (BTC) approached USD 10,000.

The software developer said that The automatic scaling of the exchange “could not keep up” this dramatic increase in traffic “:

“This increase in traffic affected several of our internal services and increased latency between services. This led to the saturation of the processes of the web servers responsible for our API. [interfaz de programación de aplicaciones], where the number of incoming requests was greater than the number of processes waiting, which resulted in requests being queued and expiring or failing immediately. Our request error rate rose to 50%, causing customers to experience errors interacting with coinbase.com and our mobile apps. “

The Coinbase exchange went offline due to a five times higher traffic spike during the Bitcoin surgeThe Coinbase exchange went offline due to a five times higher traffic spike during the Bitcoin surge

Traffic on Coinbase

Traffic on Coinbase. Source: Coinbase

Coinbase said that The API was redistributed at 4:20 p.m. to increase the number of computers that handle this peak traffic. Then another two-minute hiatus occurred “because the cases were saturated and marked as faulty” before the exchange went online again.

Error history

Cointelegraph reported that last week Coinbase has been offline four times in the last three months during major Bitcoin price movementsMany users do not have access to their wallets.

However, Crypto Twitter later revealed this The problems with the exchange continued to decrease. CryptoWhale published a graphic to show his more than 18,000 followers on June 3rd how Coinbase had been offline eleven times in its history during major price movements::

Unfortunately, Interruptions during sharp declines or price increases harm traders who want to buy and sell the most. Losses can increase if Coinbase users cannot access their accounts to sell their cryptocurrencies, and potential profits can simply disappear if they can’t buy anything.

Will Coinbase go offline again?

The stock exchange said it was working on improvements in response to the June 1 split.. If Coinbase saw a further surge in Bitcoin prices that would suddenly rise or fall, de Hoog said that “pre-scaling and caching” would reduce the impact.

“In the long term We plan to improve our delivery process to address some of the issues We are experiencing autoscaling, “said the software developer.