• Coinbase is experiencing a widespread system outage.
• The Coinbase group is investigating this problem and dealing on an answer.
• Cryptocurrency exchanges assured customers that their funds are secure.

Coinbase, the most important cryptocurrency alternate in the USA, has suffered a widespread system outage. A submit from Coinbase assist on X earlier on Tuesday said that the cryptocurrency alternate is investigating the problem and dealing on an answer. Moreover, the group assured customers that their funds are secure whereas they work to resolve the problem.

The outage disrupted buying and selling exercise on each Coinbase's web site and app. On the time of this writing, makes an attempt to entry the cryptocurrency alternate's web site returned a 503 error message indicating that the problem was not resolved.

In the meantime, Coinbase customers have expressed their dissatisfaction with the problem, with some customers taking to social media platformuser reply Coinbase's submit shared a screenshot of the message they acquired whereas attempting to entry the Coinbase app. The shared screenshot displayed the message “Deliberate upkeep is in progress.”

Other than the preliminary message from the Coinbase assist group, the cryptocurrency alternate had not but said the explanation for the outage on the time of submitting this report. The crypto alternate's place remained the identical as its preliminary message of investigating the scenario.

Coinbase skilled an analogous outage in March of this 12 months. Nonetheless, the corporate later found that the explanation behind the March incident was heavy buying and selling exercise on the platform.