On Thursday, February 12, Coinbase informed its users about a service disruption that temporarily prevented them from making purchases, selling, and moving cryptocurrencies using the exchange site.
The company acknowledged the disruption and assured users that its technical team is investigating the issue. The users can rest assured that their funds are safe.
The announcement about the disruption was made through Coinbase’s official support account on X. In the announcement, the company informed users that they might not be able to make transactions using Coinbase.com.
Further, it added that the disruption is being reviewed. In addition, the company said it would offer further information as it continues to investigate the disruption.
Coinbase assured users that there is no risk to their accounts. Further, it added that the disruption is only temporary.
In the announcement, Coinbase did not inform users about the technical reasons for the disruption. Also, it did not offer information about the expected time to take the site back online.
Crypto news and trackers immediately shared the announcement about the disruption. MilkRoad and other sources also shared the company’s announcement about the disruption. These announcements attracted the attention of active traders.
There is a possibility of short-term interruptions to services, which can impact trading. This is particularly important during times of greater volatility.
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There have been complaints from users, which they have expressed online due to their inability to manage their positions.
Usually, the company addresses this issue within a short timeframe. There has been no breach of security. The company has continued to assure users that their assets are safe during this review.
This occurred at a time when the company is scheduled to announce its earnings results for the fourth quarter and fiscal year 2025. The announcement is to occur after the U.S. market closes on Thursday, February 12, 2026.
The market’s sentiment regarding the upcoming earnings announcement appears cautious. There has been a reduction in the level of trading volumes for cryptocurrencies, which has impacted asset prices.
Several analysts have recently downgraded COIN stock. Forecasts suggest the platform may struggle to meet fourth-quarter expectations. The earnings report is expected to offer more clarity regarding the company’s near-term outlook.
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