Coinbase website down as crypto exchange cites ‘system-wide outage’

United States crypto exchange Coinbase has suffered a „system-wide outage“ rendering its services unusable for those looking to access the crypto exchange odesktop or mobile. 

Coinbase notified users of the outage on its official status page, sharing that a „major outage“ began at 4:15 am UTC on May 14. 

Attempts to visit the website currently shows a “503 Service Temporarily Unavailable” error message. According to a developer guide found on Mozilla, the most common cause is that the servers are down for maintenance or that is overloaded.

Coinbase went down 

Coinbase Support’s official X shared news of the outage in a May 14 post to X, saying they were investigating the issue and working on a solution. It reiterated that users‘ funds are safe.

On Feb. 28, Coinbase — along with several other exchanges — suffered temporary outages stemming from a rapid uptick in crypto trading activity.

While outages are frustrating for users of crypto exchanges, pundits on Crypto Twitter often use these outages as a way of spinning up a bullish narrative — claiming that the peaks of activity that cause the downtime are ultimately good for price. 

Source: Alex Valaitis

This is a developing story, and further information will be added as it becomes available.


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