Coinbase, which has exchanged over $50 billion since its launch in 2012, posted about a "partial system outage" on early Wednesday, though many users found themselves completely locked out by afternoon.
Dave Farmer, director of Business Operations at Coinbase, said that the company experienced "all-time high traffic" early Wednesday morning, which gave some users slower performance.
"Should be fully resolved in the next couple of hours," Farmer said in prepared remarks.