On January 14, cryptocurrency exchange Coinbase announced it is currently investigating issues related to the delayed transfers of Ripple (XRP) on its platform. The company confirmed that while some users are experiencing delays with XRP sends, other functionalities such as buying, selling, and fiat withdrawals or deposits remain unaffected. Coinbase reassured users that updates on the situation would be provided soon.
This issue comes on the heels of a similar incident reported last week involving delays in sending and receiving Stellar (XLM), which was swiftly resolved within 90 minutes. Additionally, there were reports earlier in the week that some users faced problems with latency and performance issues for other services on January 9, which were rectified in two hours.
In separate developments, Coinbase disclosed that it may need to comply with a request from the Commodity Futures Trading Commission (CFTC) regarding customer data related to interactions with the prediction market firm Polymarket. A spokesperson for Coinbase stated that all government requests for information are meticulously reviewed by a team of experts to ensure their legal validity.
In other recent updates, Coinbase has been actively expanding its services and partnerships. A notable partnership with the cryptocurrency payments firm Triple-A was announced on December 9, intending to enable users to make payments to select merchants within Triple-A’s network. Furthermore, Coinbase recently upgraded its Coinbase One subscription program, launching a new tier called Coinbase One Premium and reaching an impressive 600,000 memberships across 42 countries.
As Coinbase maneuvers through these technical challenges and regulatory requests, it continues to enhance its offerings, demonstrating its commitment to improving user experience and expanding the adoption of cryptocurrency payments.
Summary: Coinbase is investigating delayed transfers of XRP while assuring that other services are unaffected. Recently reported user issues with Stellar and general performance are noted. The company faces regulatory scrutiny over customer data and is expanding through partnerships and service upgrades, maintaining a proactive approach to enhance user experience.