The cryptocurrency exchange Coinbase Global Inc. claimed that on Sunday night, technical issues that had kept users of U.S. bank accounts from making withdrawals or payments for the majority of the day were resolved.
The Automated Clearing House Network, or ACH, is a system that electronically moves money between bank accounts in the United States.
According to a previous Tweet from Coinbase, “technical issues creating ACH transfers” were to blame for the disruptions experienced by owners of U.S. bank accounts.
According to the business, user funds were secure and all users could still make direct purchases using a debit card or PayPal account.
Following a significant outage on the Solana network on Friday, Coinbase also announced that trading in Solana tokens on its platform had resumed as of Sunday night.