Safe

Token

Cryptocurrency

FTX Token

<p>The website of US crypto exchange giant Coinbase is down amid a system-wide outage that started at around 00:25 a.m. EST.</p> 
<p>The exchange confirmed that the outage affected its mobile and desktop users, while assuring users that their funds are safe and that it was working to restore normal service.</p> 
<p>The <a href="https://status.coinbase.com/" target="_blank" rel="noopener">Coinbase status page</a> currently shows that some services are recovering, while some users are still facing problems accessing the platform.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">We're seeing some services recover. We know customers may still be encountering connectivity problems and we appreciate your patience while we work to correct this. We're still monitoring this closely. <a href="https://t.co/AAzEMPaJGL">https://t.co/AAzEMPaJGL</a></p> 
 <p>— Coinbase Support (@CoinbaseSupport) <a href="https://twitter.com/CoinbaseSupport/status/1790271420603252981?ref_src=twsrc%5Etfw">May 14, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h2 id="frequent-outages-on-coinbase">Frequent Outages On Coinbase</h2> 
<p>Coinbase has suffered several outages during periods of peak market activity. Earlier this year, as Bitcoin rallied to all-time highs, <a href="https://insidebitcoins.com/news/coinbase-crashes-on-surging-trading-volume-as-bitcoin-soars-to-2021-high" target="_blank" rel="noopener">Coinbase crashed</a> amid an uptick in transactions.</p> 
<p>The crypto community often sees outages on Coinbase as a sign of a bull market as down time is sometimes triggered by a surge in trading volumes that signal bullish sentiment. One crypto trader on X believes the recent outage is good for the market.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Coinbase down.</p> 
 <p>We are so fucking back. <a href="https://t.co/sZaqdwELlA">pic.twitter.com/sZaqdwELlA</a></p> 
 <p>— Castillo Trading (@CastilloTrading) <a href="https://twitter.com/CastilloTrading/status/1790244310677659803?ref_src=twsrc%5Etfw">May 14, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>Bitcoin has not reacted to the development, gaining around 1% in the last 24 hours. BTC is trading at $62,031 as of 02:59 a.m. EST according to CoinGecko.</p> 
<h2 id="also-read">Also Read</h2> 
<ul> 
 <li><a href="https://insidebitcoins.com/news/coinbase-faces-a-fresh-class-action-lawsuit-over-a-deceptive-business-model">Coinbase Faces a Fresh Class-Action Lawsuit over a “Deceptive” Business Model</a></li> 
 <li><a href="https://insidebitcoins.com/news/next-cryptocurrency-to-explode-monday-may-13-helium-bitcoin-cash-toncoin-ftx-token">Next Cryptocurrency To Explode Monday, May 13 — Helium, Bitcoin Cash, Toncoin, FTX Token</a></li> 
 <li><a href="https://insidebitcoins.com/news/the-top-5-meme-coins-to-consider-for-may-with-potential-50x-100x-growth">The Top 5 Meme Coins to Consider for May with Potential 50x-100x Growth</a></li> 
</ul>

Coinbase Down Amid A System-Wide Outage, Tells Traders Funds Are Safe

Table of Contents

Inside Bitcoins

Other articles published on May 14, 2024

AI Surveillance Tested in Paris Amid Olympic Security Concerns

Amazon-backed Anthropic brings Claude AI chatbot to European users

Investors Shift From Solana (SOL) and Ethereum (ETH) Meme Coins to Online Casino Extraordinaire R...

Henrik Zeberg Expects Market Surge

Coinbase Adds New Altcoin to Its Listing Roadmap

BTC, TON, SHIB Make Dramatic Price U-Turn, What Happened?

Join our free newsletter for daily crypto updates!