(Reuters) – Major exchanges with cryptocurrencies experienced technical difficulties on Monday as trading volumes skyrocketed after billionaire Elon Musk’s Tesla Inc revealed he had bought $ 1.5 billion in bitcoin and it would soon be means of payment would be accepted.
The move by the company for electric vehicles was the last step towards the adoption of bitcoin, and it is 10% higher than the expectation that other companies will soon support the asset manager BlackRock Inc and the payment companies Square and PayPal to the crypto- to support currency.
San Francisco-based cryptocurrency exchange Kraken said they had temporarily eliminated sign-ups after heavy traffic caused problems with the site’s connections, while peers Gemini and Binance said their systems were currently experiencing problems.
Coinbase, which was founded in 2012 and is one of the most well-known crypto-currency platforms worldwide, said on its website that no problems were reported on Monday.
However, the news website CoinDesk, digital currencies, said the stock market was experiencing problems. bit.ly/2LwEh4F
“Our platform is fully operational and has been during the recent trading gains,” a Coinbase spokesman told Reuters.
Reporting by Noor Zainab Hussain in Bengaluru and additional reporting by Niket Nishant and Sohini Podder; Edited by Aditya Soni