COINBASE DOWN DUE TO ‘SYSTEM-WIDE OUTAGE’

Crypto exchange Coinbase experienced a “system-wide outage,” leaving the platform inaccessible on both desktop and mobile.

Coinbase announced the outage on its status page, indicating that a “major outage” began at 4:15 am UTC on May 14.

Attempts to access the site display a “503 Service Temporarily Unavailable” error message. According to Mozilla, this error typically occurs when servers are down for maintenance or overloaded.

Coinbase Support’s official X account acknowledged the issue on May 14, stating they were investigating and working on a solution, assuring users that their funds are safe.

Previously, on February 28, Coinbase and other exchanges faced temporary outages due to a surge in trading activity during a Bitcoin flash crash, which saw the asset’s price drop nearly 10% before rebounding.

Despite the inconvenience, some in the crypto community on X view these outages positively, suggesting that the increased traffic indicates growing interest in crypto. Crypto trader Castillo Trading humorously remarked to his 73,000 followers that the Coinbase outage was a sign of good times ahead, writing, “Coinbase down. We are so back.”

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