Coinbase CEO Addresses Multihour Outage: 'Working on Next Steps' for Users
Coinbase, a major cryptocurrency exchange, recently experienced a significant multi-hour service outage that impacted various aspects of its operations, including trading, exchange access, and balance updates. The incident, which occurred on May 7, 2026, at 23:50 UTC, began when the Coinbase monitoring team detected cascading quote failures originating from internal services. This disruption had far-reaching consequences, affecting customer-facing services such as spot trading, Prime, International, and derivative exchanges.
Coinbase CEO Brian Armstrong addressed the incident in a new tweet, stating that such an outage was
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