The
last few weeks has seen an unprecedented increase in the price of
digital currencies with Bitcoin at $17,000, Ethereum at $497 and
Litecoin at $166, just to name a few. More and more people are engaging with
online platforms than ever and that bodes well for the future of the
digital currency. At the same time, it does create extreme volatility
and stress on systems handling trades of the online currency. Users
of the popular trading platform Coinbase received an email on
Saturday where the company shared some important thoughts on the
future of digital currency trades.
“Over
the course of this year we have invested significant resources to
increase trading capacity on our platform and maintain availability
of our service,” the company said in the email. “We have
increased the size of our support team by 640 percent and launched phone support in
September. We have also invested heavily in our infrastructure and
have increased the number of transactions we are processing during
peak hours by over 40x.”
Despite
the sizable and ongoing increases in technical infrastructure and
engineering staff, Coinbase reminds customers that access to services
“may become degraded or unavailable during times of significant
volatility or volume. This could result in the inability to buy or
sell for periods of time. Despite ongoing increases in our support
capacity, our customer support response times may be delayed,
especially for requests that do not involve immediate risks to
customer account security.”
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