Coinbase Fixes System Outage That Ruffled Crypto Markets (2)

May 14, 2024, 7:48 AM UTC

Coinbase Global Inc., the largest US crypto exchange, has rectified an issue that caused a system outage earlier today.

The company said it had resolved the incident in an update on its website at 3:35 p.m. in Singapore on Tuesday. The firm had earlier notified users of the interruption while assuring them that their funds were safe.

Crypto prices fell during while the outage persisted. Bitcoin, the largest cryptocurrency, was trading at $61,910 as of 3:47 p.m. in Singapore on Tuesday, down 1.8% on the day, while Ether was down about 1.3% to trade at $2,916.

Coinbase’s website indicated ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.