An anonymous reader quotes City AM:
A leading bitcoin exchange has warned that customers may be unable to get their money out quickly in the event of a crash in the cryptocurrency’s price. Writing in a blog post last week, Coinbase’s co-founder and chief executive Brian Armstrong, said despite “sizeable and ongoing” increases in the firm’s technical infrastructure and engineering staff, access to Coinbase services could become “degraded or unavailable during times of significant volatility or volume. This could result in the inability to buy or sell for period of time,” he said.

Armstrong added that there would be restrictions on how much customers could sell, or sell limits, to “protect client accounts and assets”… Bitcoin’s market capitalisation rose above $300 billion for the first time earlier this week when its price rocketed to an all-time high of just over $17,000. Many analysts have warned that bitcoin represents an unsustainable bubble, though no one is quite sure when it will burst.

Read more of this story at Slashdot.

Source: Slashdot – Coinbase Warns During Times of High Volatility, Access Could Become ‘Unavailable’