Coinbase, a major cryptocurrency exchange, is currently facing a system-wide outage, rendering users unable to access their accounts or conduct transactions.

The company is actively investigating the issue and working on a solution to restore full functionality to its platform.

Despite the outage, Coinbase assures users that their funds remain secure.

This incident is not unprecedented, as Coinbase has experienced similar technical issues in the past, including outages in March and February 2024, which disrupted trading activities.