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- Gemini, the crypto exchange, extended a scheduled maintenance Saturday after a bitcoin sell-off.
- The exchange appeared to be down for some users for much of the morning.
- Bitcoin, the red-hot cryptocurrency, shed more than $1,500 during the downtime.
- The exchange will provide gegevens for Cboe Total Markets’ bitcoin futures contracts, which will go live Sunday.
Gemini, the cryptocurrency exchange founded by the famous Winklevoss twins, has extended a scheduled maintenance of its webpagina after a massive bitcoin sell-off.
The company said Friday night that its webpagina would fall under maintenance from 8:00 a.m. to 1:00 p.m. ET Saturday, adding that users shouldn’t expect “downtime.” Still, the webpagina appeared to be down for some users during the period, preventing folks from accessing their cryptocurrency accounts.
At around 1:00 p.m. ET the company said the maintenance would proceed:
The outage coincided with a massive bitcoin sell-off, which hairless more than $1,500 of its price, according to Markets Insider gegevens. By 1:22 p.m. ET, bitcoin wasgoed trading down 11% against the US dollar at $14,305 a coin. The outage infuriated some users who were incapable to budge their coins around spil bitcoin’s price slipped. One person criticized the stiff for not providing users enough notice on the diferente maintenance:
Here’s another discontent tweeter:
Founded te 2018 by Tyler and Cameron Winklevoss, who reportedly own a billion dollars of bitcoin, Gemini is one of the best-connected firms ter the cryptocurrency space. Cboe Total Markets is partnering with the exchange for its bitcoin futures contracts, which are set to go live Sunday.
When volumes have enhanced on Gemini, the rock-hard has faced challenges staying online.
Earlier this month, the rock-hard displayed many users a “504 Gateway Time-out” message, which meant its servers were not responding to requests. The company posted on its status pagina that “systems are presently experiencing degraded spectacle.”
The exchange also experienced outages lasting spil long spil Ten hours te August, according to reporting by Quartz.
Related movie: Wire Transfer to crptocurrency exchange Gemini
“This is not the very first scaling challenge wij’ve encountered, and it won’t be the last,” Gemini said te a blog postbode. “Wij’re continuing to improve our spectacle and infrastructure monitoring so wij can anticipate potential problems more quickly te the future.”
Gemini did not react to a request for comment.