Coinbase has restored operations following a significant three-hour outage that began at 4:15 AM UTC, during which users encountered a "503 Service Temporarily Unavailable" message.

The exchange resumed functionality at 7:42 AM UTC, though some users may still face issues with crypto transactions and fiat withdrawals.

Coinbase assured customers that their funds remain safe and continues to address the residual service degradation.

The outage has led to a 1.7% dip in Coinbase's pre-market trading shares, while Bitcoin (CRYPTO:BTC) remains largely unaffected, trading at around $61,900.