Coinbase Reintroduces Trading After Vulnerability Warning

  • The previous issue had no effect on simple trading on the main platform.
  • Advanced traders are permitted to interact directly with the order book.

Coinbase Global Inc., the largest cryptocurrency exchange in the United States, has resumed operations of a recently launched advanced trading feature that had been suspended earlier after an unverified Twitter user warned of a potential vulnerability.

A Coinbase representative stated that the company is in contact with the Twitter user to learn more about the problem. Coinbase CEO Brian Armstrong also responded to the Twitter user, saying that the company would look into it.

“You’re awesome – a big thank you for working with our team,” Armstrong later tweeted to the account. Coinbase then tweeted shortly after 6 p.m. New York time that retail advanced trading had resumed and that customers’ funds “remain safe.”

Coinbase launched advanced trading functionality on Coinbase.com to a small number of customers in November. According to the company’s website, the feature is intended for more experienced traders and allows them to interact directly with the order book.

Coinbase shares fell 5% to $194.53 on Friday, outperforming the S&P 500 index.

 

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

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