Cryptocurrency exchange Coinbase Global Inc. said it resolved technical issues on Sunday night that had prevented U.S. bank account users from making payments or withdrawals for most of the day.
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Fast facts
- “We’ve fully resolved this issue and ACH transfers are now processing. We apologize for the inconvenience,” Coinbase Support said in a Tweet late Sunday night.
- ACH- The Automated Clearing House Network- is a system that electronically transfers funds between U.S. bank accounts.
- Coinbase identified “technical issues creating ACH transfers” as the cause of the disruptions for U.S. bank account holders, the company said in an earlier Tweet.
- User funds were safe, and all users could still make direct purchases using a debit card or PayPal account, the company said.
- Coinbase also reported that Solana token trading on its platform had also resumed Sunday night, following a major outage on the Solana network on Friday.
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