Published on March 08, 2024 20:05 GMT+00:00edited on March 08, 2024 20:09 GMT+00:00

After Coinbase suffered its third technical issue in less than ten days amid heavy trading volumes across crypto, Bitwise CIO Matt Hougan was largely supportive as many people took to X to voice their concern or displeasure.

"Coinbase crashed all the time in past bull markets, yet it still grew like crazy," Hougan posted to X. "That's actually a theme through internet history. Facebook crashed all the time; it still got to billions of users."

Hougan opining on Coinbase's ongoing technical issues comes on the heels of the U.S.-based exchange announcement Thursday that it was "experiencing high support volume and response times may be greater than 48 hours." That statement followed Monday's pronouncement that Coinbase's trading platform was experiencing problems amid heavy crypto trading, …