TL;DR
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Coinbase experienced a temporary outage on Tuesday.
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The crypto exchange notified users that they may still experience failures when sending crypto or withdrawing fiat.
Coinbase Suffers a Major Outage
Coinbase, one of the leading cryptocurrency exchanges in the world, suffered a major outage on Tuesday. The outage began at 4:15 AM UTC and the exchange returned to use at 07:42 UTC, according to its status page.
During the outage, the website visitors received a "503 Service Temporarily Unavailable" message. At the time, Coinbase informed its users via X that it was investigating the issue and working on a solution.
Coinbase is experiencing a system wide outage. We are investigating this issue and working on a solution. Please see https://t.co/a3pl4WiDhZ for updates. Your funds are safe.
— Coinbase Support (@CoinbaseSupport) May 14, 2024
While Coinbase has resolved the issue, its status page displayed that some users may still experience failures when sending crypto or withdrawing fiat, marking the service as degraded.