• Coinbase is currently battling a major outage that began at 4:15 AM UTC.
  • The exchange’s X account said it is investigating the outage, and users’ funds are safe.

As an experienced financial analyst, I’m closely monitoring the current situation with Coinbase (COIN), a leading cryptocurrency exchange that is experiencing a major outage since 4:15 AM UTC. The exchange’s website displays a “503 Service Temporarily Unavailable” message, leaving many users concerned about their funds’ safety.


Crypto exchange Coinbase {{COIN}} is currently offline as the exchange battles a major outage.

Currently, the exchange’s website shows a “503 Service Temporarily Unavailable” message.

In a recent update on platform X, the company indicated that they are currently looking into the problem at hand and are in the process of finding a resolution. They assured their users, including me, that our funds remain secure during this time.

A representative from Coinbase stated that they had no further comments beyond what was included in the recent X post.

As a researcher studying the cryptocurrency market, I’ve observed that the price of bitcoin (BTC) remains unfazed by recent issues and is currently hovering above $62,500 based on CoinDesk Indices data. This represents an impressive increase of over 2.7% from previous levels.

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2024-05-14 08:58