Kraken, , is currently experiencing delays for domestic United States dollar (USD) funding, the company has revealed on its website earlier today.
In particular, on Kraken’s , the crypto exchange said: “We are currently experiencing delays with our wire processor for Domestic US deposits through Evolve Bank. This is causing deposits to remain in a “Confirming” or pending state for a few business days longer than normal and delays in service requests.
“Please contact support for assistance with any delayed transactions and see this support article for other domestic US deposit and withdrawal alternatives.”
Kraken USD issue appears to be ongoing
Although the message was published within the past few hours, it appears that this is not the first time that the cryptocurrency exchange has had issues with Domestic US deposits in recent days. In fact, the situation alerted to today appears to be an ongoing issue.
I hate to keep doing this to my followers, but rather than doing this for attention I’m doing it so others don’t fall into the trap. Do not send USD Domestic Wires to Kraken through the Evolve Banking Partner.
— bullshakalaka (@bullshakalaka)
Trading systems continue to fail amid unprecedented load
Kraken is not alone in its system issues. In recent months a number of exchanges and trading providers, both from crypto and foreign exchange (forex) and other assets, have been experiencing system issues.
One of the most notable of these was Robinhood. As , in March, the commission-free stock trading app experienced a system-wide outage, leaving clients unable to access their accounts due to an .
Earlier this month, Robinhood that kept clients from trading equities, options and also affected cryptocurrency trades. Although Robinhood provided few specifics, there were widespread complaints from customers who could not get into their accounts online.
Complaints also included either slowness or lack of access to certain features, as well as problems trading some asset classes on the no-fee app. Others said they could not see their account balances.