Invest Responsibly With Coinbase
Coinbase couldn’t be more excited by the recent explosion of interest in digital currencies. The last few weeks has seen an unprecedented increase in the price of digital currencies, such as Bitcoin and Litecoin.
More people are engaging with the Coinbase platform than ever before and that projects a positive trend for the future of digital currencies. At the same time, increased user numbers creates volatility and demands on the Coinbase platform.
Over the course of this year, Coinbase has invested significant resources into their systems in order to increase trading capacity and maintain the functionality of their service. Coinbase has increased the size of their support team by 640% and launched phone support in September.
Coinbase has also invested heavily in their infrastructure which has increased the number of transactions they are processing during peak hours by over 40x.
We also wanted to remind customers of some of the risks associated with trading digital currency. Digital currencies are volatile and the prices can go up as well as down. Due to the rapidly changing price of digital currencies, some customers may not have sell limits that are sufficient relative to the value of total digital currency they are storing on Coinbase.
Sell limits are one of the many measures Coinbase takes to protect client accounts and assets. It would be wise to familiarize yourself with your buy and sell limits. They can be found here.