Coinbase Shares Surge After-Hours on Site Performance Fix

Despite experiencing platform latency and display issues due to increased website traffic, Coinbase shares rose nearly 4% in after-hours trading.

On March 4, the company reached its highest price in over two years, surging 11% to $229. After hours, its shares climbed by an additional 3.8%, peaking at $238, as reported by Google Finance.

Coinbase ended March 4 at $229.15 before rising to $237.88 within the four hours following the market close — *Coinbase closed March 4 at $229.15 before rising to $237.88 within the four hours following the market close. Image Source: Google Finance*

Despite experiencing another round of technical difficulties, including issues with loading and displaying incorrect balances for some users, Coinbase saw a surge in trading activity.

We have issued a fix which remediated the display issue impacting customer account balances and latency across https://t.co/ohqDivlp6Y. We appreciate your patience. https://t.co/7gsVeIvYMl
— Coinbase Support (@CoinbaseSupport) March 4, 2024

About thirty minutes before trading closed in New York, Coinbase announced that it had implemented a fix to address these issues and improve website latency. The exchange assured users that their funds were secure, despite some experiencing delays and seeing temporary zero balances.

Also Read: Coinbase Faces Outage Amid Bitcoin’s Record Surge

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