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2020-02-29

Coinbase suspends EOS withdrawals, Block.One steps in

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After Coinbase decided to suspend EOS withdrawals from its platform due to "degraded EOS Network performance", Block.One intervened by contacting the Coinbase team directly to help them manage their EOS operations. Apparently a new feature will also be released in the coming weeks to improve the EOSIO software.

"Descriptions of a "degraded" EOS Network performance are not accurate. The EOS Network transfers and confirmation times are operating as normal."

According to Block.One, the EOS network is executing more and more transactions, and the integration of Coinbase with EOS requires an update in order to keep pace. For this reason in the coming weeks the EOSIO software will receive an update that will allow Coinbase (and not only?) to simplify its integration and monitor all economic activity of supported digital assets.


Sources:

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