(Reuters) – Major cryptocurrency exchanges faced technical problems on Monday, with business volumes skyrocketing after billionaire Elon Musk’s Tesla Inc revealed that it bought $ 1.5 billion in bitcoin and would soon accept it as form of payment.
The move by the electric vehicle company marked the last step towards the overall acceptance of bitcoin, sending it 10% more in the expectation that other companies will soon join asset manager BlackRock Inc and payment companies Square and PayPal on support for cryptocurrency.
Kraken, a San Francisco-based cryptocurrency exchange, said it had temporarily disabled subscriptions after heavy traffic led to connectivity problems with its website, while colleagues Gemini and Binance said their systems were experiencing difficulties.
Coinbase, founded in 2012 and one of the most well-known cryptocurrency platforms in the world, said on its website that no problems were 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 around during recent commercial outbreaks,” a Coinbase spokesman told Reuters.
Reporting by Noor Zainab Hussain in Bengaluru and additional reporting by Niket Nishant and Sohini Podder; Aditya Soni edition