The exchange confirmed that its team is actively working to resolve the issue and restore normal operations.
As a result of the outage, visitors trying to access the #Coinbase website are receiving a "503 Service Temporarily Unavailable" warning, indicating that the platform is down.
This is not the first time Coinbase has experienced technical issues. In March, the exchange experienced a temporary glitch affecting the trading platform during high trading volumes.
Users reported issues with account balances not displaying correctly, with some having their account balances erroneously displayed as $BTC Despite the disruption, Coinbase emphasized that it will protect its users' assets and ensure the integrity of the platform.
The exchange's quick response and ongoing efforts to resolve the issue underscore its commitment to maintaining trust and credibility in the #cryptocurrency community.
Coinbase continues to investigate the root cause of the system failure, but advises users to be patient and follow official updates from the exchange on the status of the service.
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