BitBay Resumes Crypto Trading After Hours of Unexpected Outage

The issue was with the external service provider of the exchange, it detailed.

Estonia-based crypto exchange BitBay has resumed all its services after hours of an unexpected outage.

The exchange first restored the login option for its customers, followed by the resume of all trading services along with the withdrawals and deposits.

BitBay services were hit yesterday, stopping traders from accessing trading services in the exchange, Finance Magnates reported.

Though the exchange first said that it was facing issues with its external network provider, it later tweeted that the problem “turned out to be more complicated.”

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As the outage was unexpected and lasted for hours, many are suspecting that the exchange was attacked.

The exchange, however, updated about its outage status and assured traders that all “funds are safe.”

Increasing demand for crypto trading

Registered in Estonia, BitBay’s primary client base is in Poland, where the company was established.

Per the exchange, it has over 80,000 traders on its platform, making it the third-largest crypto exchange on the continent.

The exchange recently saw a massive surge in its trading volume as Bitcoin-Polish złoty (PLN) pair exchange peaked on March 13, with trades worth $75 million. Coinmarketcap.com data also show that the adjusted volume of the exchange on March 25 was over $39 million.

Notably, last year the exchange also faced issues with its payment service provider, which forced it to switch to Payment Technologies to handle PLN deposits and withdrawal services.

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