(Reuters) – Major cryptocurrency exchanges experienced technical problems Monday as trading volumes rose after Tesla Inc., of billionaire Elon Musk, revealed that it had bought $ 1.5 billion in bitcoins and would soon accept it as payment method.
The move of the electric vehicle company marked the last step towards the general acceptance of bitcoin, which meant a 10% increase in expectations that other companies will soon join the asset manager BlackRock Inc and payment companies Square and PayPal to support cryptocurrency.
The San Francisco-based cryptocurrency exchange Kraken said it had temporarily disabled registrations after heavy traffic caused connectivity issues with its website, while colleagues Gemini and Binance said their systems they were currently experiencing difficulties.
Coinbase, founded in 2012 and among the most well-known cryptocurrency platforms worldwide, said on its website that no problems had been reported on Monday.
However, the digital currency news site CoinDesk said the exchange was experiencing difficulties. bit.ly/2LwEh4F
“Our platform is fully up and running and has been during the recent trading hikes,” a Coinbase spokesman told Reuters.
Reports by Noor Zainab Hussain in Bengaluru and additional reports by Niket Nishant and Sohini Podder; Edited by Aditya Soni