In a latest social
media uproar, Coinbase has emphatically denied allegations that it had
instituted a $5,000 per week restrict on Bitcoin withdrawals. The rumors
started circulating after a consumer’s submit on X (previously Twitter) claimed to have
encountered such limitations, gaining vital consideration within the digital
asset group.
On October 24, a submit from a consumer on X garnered substantial
consideration, alleging that Coinbase had applied a coverage limiting Bitcoin
withdrawals from the platform to a most of $5,000 per week. The submit shortly
went viral.
Nevertheless, Coinbase swiftly responded to those claims, with a
spokesperson labeling them as “inaccurate” and refuting the existence
of any such withdrawal coverage. The spokesperson clarified that the power to
withdraw funds from Coinbase is dependent upon the particular fee technique used and
inspired customers to seek the advice of Coinbase’s official coverage concerning account limits
and withdrawal procedures.
. @Coinbase is limiting bitcoin withdrawls. I simply tried to ship BTC from Coinbase to my chilly pockets, and encountered a NEW $5k/wk withdrawl restrict coverage (applied 10/13). I have been a Coinbase buyer for 10 years. GET YOUR BITCOIN OFF EXCHANGES!!!!
— Colin Brown (@thecolinbrown) October 23, 2023
The unfounded rumors regarding withdrawal limits coincided with
a quick interruption in Coinbase’s capability to course of trades. In keeping with
Coinbase’s official standing web page, the change started experiencing buying and selling
difficulties round 6pm UTC on October 23.
Maintain Studying
In lower than an hour, Coinbase launched an replace stating that
the difficulty had been rectified, and their staff was monitoring buying and selling exercise
for any lingering issues.
Coinbase Expands Presence in Benelux and Nordics
Coinbase is strengthening
its presence within the Benelux and Nordics areas. Elke Karskens, previously the UK
Nation Director, will now lead because the Nation Director for Benelux and the Nordics, specializing in
progress and innovation in these markets.
Daniel Seifert’s function, the Vice President and
Regional Managing Director EMEA, will lengthen to supervise Coinbase’s UK
actions. These management transitions are a part of Coinbase’s Section II
growth technique, emphasizing native management to offer,
regulatory-compliant experiences. The transfer comes after Coinbase’s announcement
designating Eire as its MiCA
entity location.
In a latest social
media uproar, Coinbase has emphatically denied allegations that it had
instituted a $5,000 per week restrict on Bitcoin withdrawals. The rumors
started circulating after a consumer’s submit on X (previously Twitter) claimed to have
encountered such limitations, gaining vital consideration within the digital
asset group.
On October 24, a submit from a consumer on X garnered substantial
consideration, alleging that Coinbase had applied a coverage limiting Bitcoin
withdrawals from the platform to a most of $5,000 per week. The submit shortly
went viral.
Nevertheless, Coinbase swiftly responded to those claims, with a
spokesperson labeling them as “inaccurate” and refuting the existence
of any such withdrawal coverage. The spokesperson clarified that the power to
withdraw funds from Coinbase is dependent upon the particular fee technique used and
inspired customers to seek the advice of Coinbase’s official coverage concerning account limits
and withdrawal procedures.
. @Coinbase is limiting bitcoin withdrawls. I simply tried to ship BTC from Coinbase to my chilly pockets, and encountered a NEW $5k/wk withdrawl restrict coverage (applied 10/13). I have been a Coinbase buyer for 10 years. GET YOUR BITCOIN OFF EXCHANGES!!!!
— Colin Brown (@thecolinbrown) October 23, 2023
The unfounded rumors regarding withdrawal limits coincided with
a quick interruption in Coinbase’s capability to course of trades. In keeping with
Coinbase’s official standing web page, the change started experiencing buying and selling
difficulties round 6pm UTC on October 23.
Maintain Studying
In lower than an hour, Coinbase launched an replace stating that
the difficulty had been rectified, and their staff was monitoring buying and selling exercise
for any lingering issues.
Coinbase Expands Presence in Benelux and Nordics
Coinbase is strengthening
its presence within the Benelux and Nordics areas. Elke Karskens, previously the UK
Nation Director, will now lead because the Nation Director for Benelux and the Nordics, specializing in
progress and innovation in these markets.
Daniel Seifert’s function, the Vice President and
Regional Managing Director EMEA, will lengthen to supervise Coinbase’s UK
actions. These management transitions are a part of Coinbase’s Section II
growth technique, emphasizing native management to offer,
regulatory-compliant experiences. The transfer comes after Coinbase’s announcement
designating Eire as its MiCA
entity location.
