With the cryptocurrency sector in turmoil, small coins like Doge and Shiba are enjoying massive growth. Shiba has reached new heights, amassing more than 100% growth in the past week.
The spurt enticed the entire community, causing several exchanges to face troubles. WazirX, India’s largest crypto exchange, also experienced similar concerns. Many users reported issues while trying to place and cancel orders on Shiba.
The exchange took to Twitter to talk about the development. The tweet said that the WairX team had received reports regarding delays in checking order book, cancellation, and order placement on the WazirX web and app. It said that the team was checking the issue and trying to fix everything as possible.
WazirX commented on the situation, stating that the exchange faced issues in order execution and cancellation because of the increasing traffic surge in the Shiba-INR market. Therefore, the team scaled the systems in real-time to help users.
Most users facing the issue turned to a viable WazirX review to understand its policies and regulations. The exchange even released push notifications to inform users regarding the development.
Although service breakage or outages are normal, facing these issues on a platform as massive as WazirX was a letdown. Many users turned to Twitter to talk about the situation. Most of them stated how WazirX is showing a text saying “unknown error occurred.”
A while ago, the platform also faced issues with UPI payments. Such scenarios are not exclusive to WazirX as CoinDCX and other platforms also faced similar issues previously. Almost every well-known trading platform has shut down UPI and IMPS deposits at some time.
Such occurrences are a nuisance, and many wonder whether the networks intentionally slow the operations during fluctuations.