Kraken, the largest Bitcoin exchange in euro volume, is not processing any transactions for already 48 hours after the website administration started a system upgrade. Two days ago, Kraken representatives announced that the website upgrade will last no longer than 2 hours. However, something went wrong. Kraken users all over the world become more and more nervous and confused.
“Founded in 2011, San Francisco-based Kraken is the largest Bitcoin exchange in euro volume and liquidity and also trading Canadian dollars, US dollars, British pounds and Japanese yen”, – described on the official website.
In 2017, nearly all cryptocurrency exchanges had temporary technical problems, which caused a lot of fake news and discussions in the mass media. Among the most famous – Coinbase, Bitfinex, Poloniex and Bitstamp.
Kraken users were informed about a major upgrade to fix the site’s usability problems on December 15, but no one expected such a long delay:
“Kraken.com performance is extremely degraded and unreliable. Clients can expect severe latency and difficulty interacting with all web and API services. Requests will frequently timeout and fail. At the moment, the only solution is to wait and try again later. Next week we will be rolling out a major systems upgrade which should resolve these scaling and load issues. The upgrade is long overdue and has been substantially delayed by the diversion of resources toward the protracted fire fighting effort required to deal with the last several months of unrelenting growth.”