According to the source, Binance and Coinbase reported degraded transaction performance due to heavy market activity, indicating potential delays or failures in order placement, deposits/withdrawals, and API connectivity on the affected platforms, source: Binance; Coinbase. Traders should expect elevated execution risk and slippage during congestion and consider using limit orders, reducing leverage, and monitoring the exchanges’ status pages for incident updates, source: Binance; Coinbase.