At 4:15 am UTC on May 14, Coinbase, a prominent cryptocurrencycurrency exchange, experienced a significant outage, rendering its services inaccessible on both desktop and mobile platforms.
On May 14, Coinbase Support acknowledged the issue via X (formerly Twitter), assuring users that they are investigating and working on a solution while emphasizing the security of users’ funds.
Similar disruptions occurred on February 28, following a Bitcoin flash crash that triggered a surge in trading activity. Many cryptocurrencycurrency enthusiasts interpret these incidents during periods of high traffic as indicators of growing market interest.
Visitors attempting to access the website were met with a “503 Service Temporarily Unavailable” warning, typically indicative of server maintenance or overload, according to the Mozilla developer handbook.
Coinbase’s downtime underscores the importance of robust server architecture in cryptocurrencycurrency exchanges to mitigate interruptions and maintain user trust.
More read: Coinbase Receives Restricted Dealer License Approval in Canada
