- Coinbase (NASDAQ:COIN) is experiencing a widespread system outage.
- The Coinbase team is investigating the issue and working on a solution.
- The crypto exchange assured users that their funds were safe.
Coinbase, the largest cryptocurrency exchange in the U.S., is experiencing a widespread system outage. A post from Coinbase Support on X in the early hours of Tuesday stated that the crypto exchange is investigating the issue and working on a solution. The team further assured users that their funds were safe while they worked to resolve the problem.
Coinbase is experiencing a system wide outage. We are investigating this issue and working on a solution. Please see https://t.co/a3pl4WiDhZ for updates. Your funds are safe.— Coinbase Support (@CoinbaseSupport) May 14, 2024
The outage interrupted trading activities on both the Coinbase website and app. As of the time of writing, attempting to access the crypto exchange’s website returned a 503 error message, showing the problem persisted.
Meanwhile, Coinbase users have expressed frustration over the issue, with some taking to the social media platform X to communicate their inability to carry out operations. A user r…
The post Coinbase Reports Widespread Outage, Confirms Ongoing Investigation appeared first on Coin Edition.