Coinbase hoses down rumors of weekly withdrawal limits on Bitcoin By Cointelegraph

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© Reuters.

Crypto exchange Coinbase (NASDAQ:) has refuted rumors that it had imposed a $5,000-per-week limit on (BTC) withdrawals after a user’s post claiming as such gained traction on social media.

An Oct. 24 post from a user on X (formerly Twitter) claimed that he’d been hit with a purported policy that restricted his withdrawals of BTC from Coinbase to a maximum threshold of $5,000 a week.

Coinbase trading suffered difficulties for nearly an hour on Oct. 23. Source: Coinbase