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Name | Symbol | Market | Market Cap ($) | Algorithm |
---|---|---|---|---|
Ethereum | ETHUSD | Crypto | 376,829,921,751 | Not Mineable |
Price Change | Price Change % | Current Price | Bid Price | Offer | |
---|---|---|---|---|---|
18.57 | 0.60% | 3,136.27 | 3,136.27 | 3,136.28 |
High Price | Low Price | Open Price | Prev. Close | 52 Week Range |
---|---|---|---|---|
3,171.64 | 3,073.70 | 3,117.96 | 3,117.70 | 1,520.85 - 4,093.88 |
Exchange | Last Trade | Size | Trade Price | Currency |
---|---|---|---|---|
GDAX | 13:41:07 | 0.001078 | 3,136.27 | USD |
Other exchange CEOs can relate to Kodri’s situation. Last week Michael Gokturk, co-founder of Canada’s Einstein Exchange described the avalanche of customers trying to sign up as “madness”. CBC News reports how the exchange was forced to significantly increase its staffing, and now has over 50 employees working out of its Vancouver and Montreal offices. Goturk claimed to have “lost his voice” apologizing to clients who’d had funds held in limbo while the exchange played catch-up.
Bitstamp is also heavily investing in human resources. Nejc Kodri writes:
"Aware that you need real-time contact with us, and much better response times, we will be setting up a call centre with over 100 staff, which will be up and running in the coming weeks. We will also have a new ticketing system in place in 2 weeks from now to expedite the resolution of open tickets."
He finishes: “Don’t give up on us. I promise you that the efforts we are making will soon show results.”
Other exchanges have also been hit with growing pains, with Bittrex, Cryptopia, Bitfinex, and Binance all temporarily shutting up shop at some stage during the past month. Normal service has since been resumed, and exchanges are reporting record trading volume. On Thursday, Binance published a snapshot of its six-month performance, revealing that it now serves three million active users a day.
From Bittrex’ curious coin delisting policy to Kraken’s record downtime, every major cryptocurrency exchange has been in the news this week. Even Poloniex hasn’t been exempt; gremlins in its trading platform caused users to report a spate of oddities, including massive sell walls and orders disappearing from the books. The problems now seem to have been addressed, but not before Zcash was forced to publish a statement pointing out that the ZEC sell wall on Poloniex was impossible, as at 3.9 million coins it was greater than the total number of Zcash in existence.
From onboarding to uptime, cryptocurrency exchanges are being vigorously stress tested. With only 1% of the world invested in crypto, the avalanche of new users may still have a long way to run.
1 Year Ethereum Chart |
1 Month Ethereum Chart |
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