Coinbase� is still facing a major platform outage more than five hours after the issues first began, impacting user access and trading services across the exchange.
The disruption comes at a sensitive time for the company, which recently reported a net loss of $394.1 million for Q1 amid weaker crypto trading activity and declining market volumes.
The outage has raised concerns among traders about the reliability of centralized exchange infrastructure during periods of heightened volatility, especially as Coinbase remains one of the largest crypto trading platforms in the U.S. market.