Coinbase Shares Rally

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Despite ongoing platform issues, Coinbase’s stock price has increased by nearly 4% in after-hours trading. This marks the highest price point for the company in over two years, with a gain of 11% reaching $229 on March 4.

Despite continued problems with platform latency and display errors due to a surge in website traffic, the stock saw an additional 3.8% increase in after-hours trading, reaching a high of $238.

The company has recently been experiencing intermittent issues with the platform not loading or displaying incorrect account balances for some users.

However, Coinbase announced that it had fixed the issue approximately 30 minutes before the New York trading day ended, and reassured users that their funds are secure.