"Order Volume Surge Causes Trading Delays" Again on Upbit and Bithumb... Investor Complaints Rise

At around 10:16 AM on the 11th, the domestic cryptocurrency exchange Upbit resumed trading after an emergency server inspection due to the failure of price display. (Source=Upbit)

[Asia Economy Reporter Gong Byung-sun] Investor dissatisfaction grew as trading delays occurred on domestic cryptocurrency exchanges Upbit and Bithumb.

According to the cryptocurrency industry on the 11th, as of 10 a.m. that day, Upbit experienced issues with cryptocurrency price displays not functioning properly, causing disruptions in trading. Upbit announced an emergency server inspection at 10:16 a.m. and resumed trading 40 minutes later.

Previously, in February and March, Upbit also conducted emergency server inspections due to price display problems. At that time, investors expressed inconvenience as they were unable to trade cryptocurrencies during the inspection. With a similar issue occurring this time, investors voiced their dissatisfaction again.

At around 5:14 AM on the 11th, a transaction delay occurred at the domestic cryptocurrency exchange Bithumb, prompting emergency measures. (Source=Bithumb)

On the same day, Bithumb also experienced trading issues. As of 5:04 a.m., cryptocurrency trading was delayed, causing inconvenience to investors. Bithumb explained through a homepage notice at 5:14 a.m., “Currently, due to a surge in access and order volume, there is a delay in order execution.” Trading resumed about 35 minutes later, but Bitcoin, which was around 77 million KRW before the delay, dropped to the 71 million KRW range. Bithumb also faced trading difficulties due to order surges on the 5th and 7th of this month.

Both exchanges explained that the delays occurred due to a sudden influx of trading volume.

This content was produced with the assistance of AI translation services.