American cryptocurrency exchange Coinbase Global Inc. has taken to X to inform its users of an incoming temporary outage on its platform. The exchange clarified that its platform would be temporarily unavailable because of an upgrade that it intends to carry out.
Coinbase Plans a System Upgrade
The scheduled upgrade will commence on Saturday, October 26, 2024, at or about 9 AM PT and last for two hours. This temporary pause will affect several of the exchange’s products, including the Simple and Advanced Trade. Trading across Coinbase platforms like Exchange and Prime will also be unavailable.
According to the digital asset service provider, all transfers will be unavailable on Coinbase Exchange, and any in-flight transfers will be delayed. However, users will still have access to their accounts, and no action is required. Coinbase has seen a number of such service outages in the past.
When Bitcoin hit an All-Time High (ATH) of more than $73,000, Coinbase faced a massive outage. It i
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