MANILA – All providers are again up for cryptocurrency buying and selling platform Philippine Digital Asset Alternate (PDAX) after affected by a 36-hour downtime final week, its CEO mentioned Monday.
All providers are up, nonetheless, at the very least 0.2 p.c of its person base might expertise log-in points through the day, PDAX founder and CEO Nichel Gaba informed ANC.
“All of the providers are again up. There’s a small variety of customers, I might put that at 0.2 p.c of our person base, that can expertise log-in points right this moment however on the finish of the day they’ll be capable to entry their accounts,” Gaba mentioned.
Gaba additionally assured customers that funds have been “simply because it was earlier than it entered upkeep mode.
The platform is enhancing its system to stop “unfunded orders” and to stop glitches, the official mentioned. PDAX goals to triple its workforce by hiring extra engineers and buyer assist, he mentioned.
PDAX is regulated by the Bangko Sentral ng Pilipinas (BSP).
The PDAX downtime occurred simply because the cryptocurrency Bitcoin breached the $50,000 mark final week.
It jumped to its all-time excessive of $52,932 on Feb. 19. Bitcoin has seen an uncommon surge in exercise after billionaire Elon Musk tweeted concerning the digital foreign money.
– with a report from Reuters
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