Cryptocurrency exchange Coinbase announced on Tuesday, January 14, that it is currently investigating an issue related to delayed transactions of Ripple (XRP) on its platform. The company acknowledged this complication in an incident report on its status page, reassuring users that buying, selling, and fiat withdrawals or deposits remain unaffected. Coinbase is working diligently to resolve the issue and will provide updates as they become available.
This announcement follows a slightly earlier incident where some users encountered delays with transactions of Stellar (XLM) on January 10, which was resolved within a short period of 90 minutes. Additionally, on January 9, users experienced latency issues affecting various functions like buying, selling, and sending cryptocurrencies, which were resolved in approximately two hours.
In separate news, Coinbase recently communicated to customers that it might be required to share specific information demanded by the Commodity Futures Trading Commission (CFTC). The regulator had sent a subpoena seeking details regarding customer interactions with prediction market firm Polymarket. In response to this, a Coinbase spokesperson elaborated on their commitment to reviewing such requests in accordance with legal standards.
In other developments, on December 9, cryptocurrency payments solution provider Triple-A announced its integration with Coinbase. This partnership is intended to allow Coinbase users to make payments to selected merchants in the Triple-A network, thereby facilitating a wider acceptance of cryptocurrency transactions.
Moreover, Coinbase has recently enhanced its subscription program, Coinbase One, introducing a new tier called Coinbase One Premium on December 4. The company reported that its membership has now reached 600,000 users across 42 countries, reflecting a growing interest in cryptocurrency trading.
Overall, Coinbase continues to make strides in diversifying its offerings and addressing customer needs, while actively managing technical challenges as they arise. This adaptability positions the company favorably in the rapidly evolving cryptocurrency landscape.