Kraken Faces Delay in ARS and BASE Network Channels

Kraken, a cryptocurrency exchange, reported delays in Argentine Peso deposits and BASE Network transactions as of October 24, affecting users globally as reported on its official status page.

This incident highlights existing vulnerabilities in crypto exchanges’ operational reliability, potentially impacting user trust and transaction fluidity without widespread market disruption or liquidity issues.

Kraken Handles ARS and BASE Transaction Delays

Kraken reported delays on its official status page affecting Argentine Peso (ARS) deposits and BASE Network transactions. The team has already identified the cause and is working on a resolution. All other networks and currency operations remain unaffected.

The delays in ARS and BASE Network transactions primarily affect users participating in these channels. The company assured that the issue is operational and not liquidity-related. Other gateways maintain normal operations.

Despite the delays, no immediate market turmoil or on-chain liquidity shifts have been noted. Leadership, including CEO Dave Ripley, has not issued additional public statements. The crypto community is closely monitoring updates from Kraken’s status page.

ETH Maintains Stability Amid Kraken’s Operational Hitches

Did you know? In previous cases like this, cryptocurrency exchanges often use official status pages to convey updates, avoiding prolonged market impact and preventing unnecessary panic.

Ethereum (ETH) is currently priced at $3,854.02, with a market cap of $465.17 billion as of October 23, 2025, according to CoinMarketCap. ETH’s 24-hour trading volume reached $36.58 billion despite a 21.51% drop. Recent price changes show a 3.66% increase over 90 days, but a 7.50% decline over 30 days.

Coincu analysts emphasize that technology-related disruptions are not unusual in crypto operations. Historical trends suggest that effective communication and timely resolution mitigate financial impacts. Exchanges often see rapid recovery in transaction volumes and user confidence once issues are addressed, as seen in events like the Crypto Market Weekly. Follow financial content updates on Twitter: