There has been many unverified reports of CoinMarkets going down. While the website has been down recently and some trading pairs have been frozen, it does not mean the service has gone down, they have been hacked or the site is in trouble. It’s the exact opposite . . . Coinmarkets has become a victim thanks to the success of the entire market.
With the recent push in crypto thanks to the media, there has been unprecedented demand for exchanges, with many turning off new signups temporarily whilst they upgrade their platforms. A few exchanges which have gone through this recently includes Bittrex, Cryptopia C-Cex just to name a few.
For example please read this blog post from Cryptopia about their recent issues.
CoinMarkets have been working hard in the back end to upgrade their servers to provide the quality of service the public requires. So please bare with us and let’s hope they can get everything sorted ASAP!
One would think that these exchanges should consider using could services providers like AWS or Azure. If you are from Cryptopia or CoinMarkets reading this, please consider these cloud service providers, we have been using them for years with great success!