Paddy Baker
Crypto Data Site CoinMarketCap Has Gone Offline
Popular crypto data site CoinMarketCap is suffering some sort of outage.
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- Users started reporting problems at around 14:30 UTC – the entire site, including price and exchange data feeds as well as its news aggregator service, appear to be offline.
- CoinMarketCap released data showing the website's response time has slowed significantly in the past hour. The site said it is currently investigating an issue that has made the site "unstable."
- CoinMarketCap told CoinDesk the site outage doesn't appear to be a malicious attack.
- The spokesperson said it was likely a technical hiccup from the newly-launched CoinMarketCap Earn – a platform for users to earn cryptocurrencies while reading about them on the website.
- CoinMarketCap was sold to Binance for a reported $400 million earlier this year; it is one of the most visited websites in the world according to SimilarWeb.
- Possibly coincidentally, the website for cryptocurrency exchange HOTBIT has also temporarily shut down – although a message on the site says this is for server maintenance.
UPDATE (Aug 13, 15:30 UTC): This article has been updated with comment from CoinMarketCap.