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Coinbase Resolves Problem That Halted Payments From US Banks

(Bloomberg) -- Crypto exchange Coinbase Global Inc. said it fixed an issue that prevented the company from processing transactions with US bank accounts for more than five hours.

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“We’ve fully resolved this issue and ACH transfers are now processing. We apologize for the inconvenience,” the company said on Twitter. Earlier, it said it was unable to take payments or make withdrawals involving US bank accounts.

Account holders were able to use debit card or PayPal account to make direct purchases during the outage and funds were safe, Coinbase said.

(Updates with company statement on resolution.)

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