Coinbase Resumes Operations After 3-Hour Outage

Some users may still be experiencing a "degraded" service, the exchange said.

AccessTimeIconMay 14, 2024 at 5:33 a.m. UTC
Updated May 14, 2024 at 7:05 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now
  • Coinbase is back online after battling a major outage that began at 4:15 AM UTC.
  • The exchange said some users may still experience failures when sending crypto or withdrawing fiat.

Crypto exchange Coinbase (COIN) is back online after a three-hour outage that began at 4:15 AM UTC.

The exchange returned to use at 07:42 UTC, according to its status page. Website visitors had received a "503 Service Temporarily Unavailable" message beforehand.

The exchange noted the outage in a post on X, saying it was investigating the issue and working on a solution. “Your funds are safe,” it posted. A spokesperson for Coinbase said that company didn’t have anything to add.

According to the status page, some users may still experience failures when sending crypto or withdrawing fiat, marking the service as degraded.

Coinbase shares are down 1.7% in pre-market trading. The price of bitcoin (BTC) appears to be unaffected by the issue, and is trading around $61,900, according to CoinDesk Indices data, down less than 1% in 24 hours.

UPDATE (May 14, 08:17 UTC): Updates with return to service, Coinbase shares.

Edited by Parikshit Mishra and Sheldon Reback.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.

Read more about