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

Crypto exchange Coinbase has suffered a ‘system wide’ outage, rendering platform unusable.

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 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.

Coinbase is experiencing a system wide outage. We are investigating this issue and working on a solution. Please see https://t.co/a3pl4WiDhZ for updates. Your funds are safe.

— Coinbase Support (@CoinbaseSupport) May 14, 2024

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