Coinbase stopped transactions in the United States for many hours to handle bank transfer concerns

Coinbase stopped transactions in the United States for many hours to handle bank transfer concerns

Coinbase momentarily halted transactions for US consumers owing to a technical problem that prevented the business from completing withdrawals or deposits involving bank accounts. The problems began at about 7 a.m. ET, but the business did not repair the issue until 12:40 p.m. ET.

Coinbase said on Twitter at the time of the outage that customers’ assets are “secure,” before reporting three hours later that transactions had been resumed.