While the reason behind the three-hour, system-wide outage remains unknown, some users are still unable to transfer or withdraw their funds from the exchange.
Coinbase, the world’s second-largest exchange by trading volume, suffered a major outage on May 14.
Coinbase announced a system-wide outage lasting three hours at 4:19 am UTC. The exchange eventually managed to fully recover by 7:34 am UTC, according to its status page.
The exchange stated in an X post:
