Coinbase and Kraken reportedly experienced connectivity issues on 8 November, following the news of Binance that planned to acquire FTX. Coinbase said it was “experiencing network connection issues for, Coinbase Pro, and Coinbase Prime” and users might have trouble signing in or experience slow loading across the web and the mobile app. The exchange attributes the issues to the overwhelming number of new users sign-ups and transfers to the platform on that day. Kraken, on the other hand, did not publicly address the issues.