- On Saturday, October 26, 2024, at around 9 AM PT, the planned update will begin.
- Users will not be able to trade using any of Coinbase’s platforms.
Coinbase Global Inc., has announced a forthcoming brief platform downtime on X. The exchange made it clear that it plans to upgrade its platform, which means it will be offline for a short time.
On Saturday, October 26, 2024, at around 9 AM PT, the planned update will begin and continue for two hours. The Simple and Advanced Trade, among other products on the exchange, will be impacted by this brief suspension. Additionally, users will not be able to trade using any of Coinbase’s platforms, including Exchange and Prime.
No User Action Required
Moreover, the team has announced that Coinbase Exchange would be temporarily unavailable for all transactions, and that any transfers in transit may experience delays. No more action is necessary, however, since users will retain access to their accounts. There have been other instances of this kind of service disruption on Coinbase.
Coinbase had a severe disruption as Bitcoin reached its All-Time High (ATH) of almost $73,000. This was the third Coinbase downtime in as many weeks, so it bears repeating.
The cryptocurrency exchange had a system-wide outage in May, but it recovered fully relatively quickly. The “503 Service Temporarily Unavailable” error message continued to be sent by users. Coinbase expressed regret to customers for any trouble the outage had caused after it had been resolved.
The exchange and its Layer-2 blockchain base are expected to see enhancements as a result of this development, which may cause some discomfort. Notably, Base Network is anticipated to see a comparable impact in the long run after the introduction of cbBTC. True, the “Uptober” buzz has already begun to boost its network activity.