Coinspeaker
Coinbase Faces Backlash Over Solana Transaction Delays
Leading crypto exchange Coinbase Global Inc (NASDAQ: COIN) faces increasing user scrutiny due to significant delays in processing Solana (SOL) transactions. These delays have frustrated many users, with some reporting wait times of up to 15 hours for withdrawals and deposits.
The issue, according to The Block, has been ongoing for a while. It has raised concerns about Coinbase’s ability to handle Solana’s increased activity. Additionally, the rise of Coinbase’s Ethereum-based Layer 2 network, Base, has fueled questions about the exchange’s priorities.
The Growing Problem: Hours-Long Delays
Users have reported significant delays in Solana transactions on the Coinbase platform per multiple X posts. Both withdrawals and deposits have been affected, with some users experiencing long processing times.
Meanwhile, others have faced complete failures when processing their Solana transactions. These issues h
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