Coinbase reports system-wide outage, ensures 'funds are safe'
Quick Take
- Coinbase is experiencing a system-wide outage.
- The exchange said it is investigating the issue.
Cryptocurrency exchange Coinbase is experiencing a “system-wide outage,” and the company is investigating the issue.
The exchange stated in an X post that its team is working on a solution. “Your funds are safe,” the firm added.
Coinbase’s website currently displays a “503 Service Temporarily Unavailable” alert when accessed.
The crypto exchange previously encountered a temporary technical glitch in March when its trading platform experienced problems amid heavy trading, including showing some users that their account balance was $0.
Update: Coinbase noted at 3:34 a.m. ET that it was fully recovered.
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