Coinbase users experiencing buying and selling errors, zero account balances

Coinbase said Wednesday it is investigating after users reported experiencing errors in buying and selling on the exchange, as well as seeing empty account balances.

CEO Brian Armstrong said the platform was "dealing with a large surge in traffic" that crashed the exchange. 

The issues occurred on the same day bitcoin crossed $60,000 for the first time.

This is a developing story that will be updated.