Poloniex and Deribit disable trading, what happens with cryptocurrency exchanges?

Two popular cryptocurrency exchanges, Poloniex and Deribit have announced that they have suspended activities for a short period of time. On Twitter, both exchanges have informed their customers that they have encountered technical problems with their platforms.

Poloniexfor example, he said he had some technical difficulties and that trading was disabled. At the same time, trading has been entered into maintenance mode.

We are currently experiencing technical difficulties. Trading has been disabled and the site has been entered in maintenance mode.

– Poloniex Exchange (@Poloniex) 17 January 2019

Deribit explained that he experienced orders blocked between 19.31 and 20.01 UTC. For this reason, the trade had been interrupted.

However, the situation is now under control and trading books are open again. The platform has informed that they are studying these problems.

We experienced orders blocked between 19.41 and 20.01 UTC, where all trade had been discontinued. Trading is resumed, all the books are open and we are investigating. All books are open for trading again.

– Deribit (@DeribitExchange) 17 January 2019

This is something that has worried users all over the world.

A few days ago, we wrote how the cryptocurrency exchange in New Zealand with Cryptopia was compromised by losing millions of dollars in digital resources.

It seems that the exchanges have been hit hard recently. @Cryptopia_NZ hack and now @DeribitExchange is @Poloniex down at the same time.

h / t @IamNomad pic.twitter.com/vVvpokEh1B

– Luke Martin (@VentureCoinist) 17 January 2019

In recent years, trade in the cryptocurrency market has been violated, exposing user funds to criminals and losing millions of dollars.

Given that the crypto community has a lot of present hacking experienced by Cryptopia, users are concerned that other platforms can be targeted and attacked by hackers. In addition, both exchanges, Poloniex and Deribit were hit during the same hour, which also raised concerns among crypto users.

It is always important to store digital assets using hardware portfolios instead of exchanges. Centralized platforms that manage digital assets on behalf of their clients are usually targeted by attackers. Hardware portfolios are currently the safest way to store virtual currencies.