Coinbase Denies Imposing Bitcoin Withdrawal Limits Amid Temporary Trading Issues
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Rumors circulated that Coinbase imposed $5k weekly BTC withdrawal limits, which Coinbase has denied.
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The rumors originated from a viral social media post claiming a user encountered new withdrawal limits.
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Coinbase spokesperson said the claims are "inaccurate" and no such policy exists limiting withdrawals.
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Around the same time, Coinbase had brief issues processing trades for under an hour.
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The trading issues coincided with market volatility as Bitcoin price spiked to $35k, highs not seen since May 2021.
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