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Home»ADOPTION NEWS»Coinbase reports system-wide outages and guarantees that ‘your funds are safe.’
ADOPTION NEWS

Coinbase reports system-wide outages and guarantees that ‘your funds are safe.’

By Crypto FlexsMay 14, 20241 Min Read
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Coinbase reports system-wide outages and guarantees that ‘your funds are safe.’
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Posted 1 minute ago In ~

Updated: May 14, 2024 2:07 AM EDT

Cryptocurrency exchange Coinbase is experiencing a ‘system-wide outage’ and the company is investigating the matter.

The exchange said in an X post that its team is working to find a solution. “Your funds are safe,” the company added.

Currently, when you access the Coinbase website, you’ll see a warning that says “503 service is temporarily unavailable.”

The cryptocurrency exchange suffered a temporary technical glitch in March when its trading platform experienced problems amid high trading volume, including some users showing their account balances were $0.

This is a developing story.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

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