Coinbase Experiences Widespread Outage, Confirms Ongoing Investigation

• Coinbase is experiencing a widespread system outage.
• The Coinbase group is investigating the problem and dealing on an answer.
• The crypto alternate assured customers that their funds had been protected.

Coinbase, the biggest cryptocurrency alternate within the U.S., is experiencing a widespread system outage. A put up from Coinbase Assist on X within the early hours of Tuesday acknowledged that the crypto alternate is investigating the problem and dealing on an answer. The group additional assured customers that their funds had been protected whereas they labored to resolve the issue. 

The outage interrupted buying and selling actions on each the Coinbase web site and app. As of the time of writing, making an attempt to entry the crypto alternate’s web site returned a 503 error message, displaying the issue endured. 

In the meantime, Coinbase customers have expressed frustration over the problem, with some taking to the social media platform X to speak their incapacity to hold out operations. A person responding to Coinbase’s put up shared a screenshot of a message he acquired making an attempt to entry the Coinbase app. The message on the shared screenshot learn – “Deliberate upkeep in progress.”

Aside from the preliminary message from the Coinbase Assist group, the crypto alternate had but to state the explanation for the outage as of the time of submitting this report. The crypto alternate’s place remained the identical as its unique message of investigating the scenario.

Coinbase skilled the same outage in March this 12 months. Nevertheless, the agency later discovered the explanation behind the March incident was heavy buying and selling actions on the platform.