Coinbase confirms system-wide outage: Assures ‘funds are safe’

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

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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.

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