Despite experiencing platform latency and display issues due to increased website traffic, Coinbase shares rose nearly 4% in after-hours trading.
On March 4, the company reached its highest price in over two years, surging 11% to $229. After hours, its shares climbed by an additional 3.8%, peaking at $238, as reported by Google Finance.
Despite experiencing another round of technical difficulties, including issues with loading and displaying incorrect balances for some users, Coinbase saw a surge in trading activity.
About thirty minutes before trading closed in New York, Coinbase announced that it had implemented a fix to address these issues and improve website latency. The exchange assured users that their funds were secure, despite some experiencing delays and seeing temporary zero balances.
Also Read: Coinbase Faces Outage Amid Bitcoin’s Record Surge
