With a new record price in sight for Bitcoin, the Poloniex crypto exchange has recently gone offline.
“Poloniex is currently unavailable due to an unexpected issue,” Exchange customer service Twitter page said Friday. “We are investigating the issue and will keep you updated here throughout.”
Bitcoin has generated an exuberant rise in prices in recent weeks, while gaining increasing attention. When the traffic becomes dense on the exchanges, their systems sometimes fail, blocking traders. This has also happened with other exchanges in the past including BitMEX and Coinbase.
“Poloniex is now out of maintenance mode”, Poloniex posted in a follow-up tweet. “Our spot and margin markets are post-only and withdrawals are temporarily unavailable.” A suite update declared the return of futures trading on the platform.
Meanwhile, Bitcoin remains painfully close to its all-time high of nearly $ 20,000. This year has seen significant financial focus on the asset. Paul Tudor Jones, Jack Dorsey’s Square and MicroStrategy all jumped on board, buying big positions in the digital coin.
TBEN has contacted Poloniex for further details, but has not received a response at the time of publication. This article will be updated accordingly if there is a response.
UPDATE November 20, 10:03 PM UTC: This article has been updated to reflect TBEN’s request for comment.