Coinbase Reports System-Wide Outage

• 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.

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.

The exchange said in a post on X that it is investigating the issue and working on a solution. “Your funds are safe,” it posted.

A spokesperson for Coinbase said that the company didn’t have anything else to add aside from the X post.

The price of bitcoin (BTC) appears to be unaffected by the issue and is currently trading above $62,500, according to CoinDesk Indices data, up over 2.7%.

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