The previous week has been monumental for Coinbase as it emerged into the most downloaded app on the iTunes store, surpassing even YouTube. As the exchange witnessed a spike in demand, the site experienced unprecedented delays leaving some customers frustrated. The company has distributed a warning letter, urging customers to invest in responsible ways.
The letter emailed to customers explains that the company is apparently excited about the prospect of massive gains in their platform and are striving to get customer support up to speed. Also, the post reminds investors that the platform continues to experience growing pains thus expect trading delays over time.
The company also states in the email concluding with a somewhat stiff warning to investors concerning the risks associated with investing in digital currencies and encouragement to invest responsibly.
Although the statement does not speak to Coinbase’s assessment of the digital currency market, the company is making an effort to notify investors about the potential for loss in such a volatile market. Long-term Bitcoin holders, on the other hand, are aware of this issue, having weathered several large-scale price corrections already.