Coinbase, a cryptocurrency exchange, has returned to service following a three-hour outage that started at 4:15 AM UTC. The exchange’s status page states that it was back in operation at 07:42 UTC. An earlier notice reading “503 Service Temporarily Unavailable” was sent to website visitors. In a post on X, the exchange reported the outage and stated that it was looking into the problem and developing a fix. It said, “Your funds are safe.” According to a Coinbase representative, the company had nothing else to say.
The status page states that certain users can still encounter issues with sending cryptocurrency or withdrawing fiat money, in which case the service would be considered impaired.
Pre-market trading shows a 1.7% decrease in Coinbase shares. Based on latest Indices data, the price of bitcoin (BTC) is down less than 1% in a day, trading at over $61,900, suggesting that the issue is not affecting the price of the