Coinbase, a prominent cryptocurrency exchange based in the United States, has undergone a significant "system-wide outage," leaving its platform inaccessible to users.

This disruption affects access through both desktop and mobile applications, rendering transactions and account management operations impossible for the time being.

The exchange publicly announced this major interruption on its official status webpage, disclosing that the issues started at 4:15 am UTC on May 14.

Presently, attempts to connect to the Coinbase site are met with a "503 Service Temporarily Unavailable" error, a condition usually indicative of server maintenance or an overloaded system, as explained in a Mozilla developer guide.

This unexpected downtime has undeniably impacted Coinbase's users and their ability to engage with the crypto market seamlessly.