Website visitors recently encountered a “503 Service Temporarily Unavailable” notification, a recurring issue for Coinbase. However, after a three-hour outage that began at 4:15 AM UTC, the cryptocurrency exchange is now operational again. The exchange’s status page confirmed that it was up and running by 07:42 UTC. Prior to the restoration, visitors to the Coinbase website were met with the temporary unavailability notice. Now that the site is fully functional, users can resume trading and managing their portfolios without any further disruptions.
Coinbase Support promptly engaged with its customer base via its official Twitter account following the outage. On May 14, Coinbase provided an update to inform customers that they were aware of the problem and working on a solution. Despite the temporary unavailability of the site, the company assured users that their funds remained secure. This guarantee, emphasizing the safety of user assets, aimed to alleviate concerns and maintain trust. In order to manage user expectations and uphold faith in the platform during such interruptions, it is crucial for Coinbase to promptly acknowledge and be transparent about the issues.
As indicated on the status page, some customers may still encounter problems while attempting to transmit cryptocurrency or withdraw fiat, suggesting a service degradation. Similar incidents have occurred multiple times throughout Coinbase’s history. On February 28, the exchange experienced a brief downtime along with other platforms due to a surge in cryptocurrency traders.
In other news, Bitcoin has surged to $63K, evoking mixed sentiments in the crypto market. The next target for BTC remains uncertain.
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