Safe

Cryptocurrency

2024

FTX Token

<div class="insidebitcoins">
 <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 Coinbase status page 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. https://t.co/AAzEMPaJGL</p>
  <p>— Coinbase Support (@CoinbaseSupport) May 14, 2024</p>
 </blockquote>
 <p></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, Coinbase crashed 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. pic.twitter.com/sZaqdwELlA</p>
  <p>— Castillo Trading (@CastilloTrading) May 14, 2024</p>
 </blockquote>
 <p></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>Coinbase Faces a Fresh Class-Action Lawsuit over a “Deceptive” Business Model</li>
  <li>Next Cryptocurrency To Explode Monday, May 13 — Helium, Bitcoin Cash, Toncoin, FTX Token</li>
  <li>The Top 5 Meme Coins to Consider for May with Potential 50x-100x Growth</li>
 </ul>
 <p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/coinbase-down-amid-a-system-wide-outage-tells-traders-funds-are-safe-tbt88257.html">https://thebittimes.com/coinbase-down-amid-a-system-wide-outage-tells-traders-funds-are-safe-tbt88257.html</a></p>
</div>

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

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TheBitTimes

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