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Coinbase Recovers from Outage but Faces Ongoing Performance Issues

The crypto exchange experienced a three-hour system-wide outage, leaving some users with degraded transaction capabilities.

  • Coinbase's outage began around 4:15 a.m. UTC and lasted for approximately three hours.
  • Users were assured that their funds were safe despite the system-wide glitch.
  • Some Coinbase services, including the mobile app and website, still show degraded performance.
  • The cause of the outage remains under investigation by Coinbase.
  • The company's stock saw a 3% dip during the incident.
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