(Reuters) – Major cryptocurrency exchanges had technical problems Monday as trading volumes rose after billionaire Elon Musk Tesla Inc revealed it had bought $ 1.5 billion in bitcoin and would soon accept as a form of payment.
The move by the electric vehicle company marked the last step towards the general acceptance of bitcoin, sending it 10% higher, in expectations that other companies will soon join the asset manager BlackRock Inc and the payment companies Square and PayPal in support of cryptocurrency.
The Kraken cryptocurrency exchange in San Francisco said it temporarily disabled registrations after heavy traffic led to connectivity issues with its website, while colleagues Gemini and Binance said their systems are currently experiencing difficulties.
Coinbase, founded in 2012 and among the best-known cryptocurrency platforms globally, said on its website that no problems were reported on Monday.
However, the digital currency news site CoinDesk said the exchange is facing difficulties. bit.ly/2LwEh4F
“Our platform is fully operational and has operated over recent trading increases,” a Coinbase spokesman told Reuters.
Reporting by Noor Zainab Hussain in Bengaluru and additional reporting by Niket Nishant and Sohini Podder; Editing by Aditya Soni