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Coinbase Experiencing Extended Outages, Including for Credit Card
The company said it is actively working on the issue and plans to post an update soon.
By Nelson Wang
Updated May 11, 2023, 4:11 p.m. Published Oct 27, 2021, 9:04 p.m.
Crypto trading platform Coinbase was experiencing extended outages on Wednesday that were affecting access to its Coinbase and Coinbase Pro platforms as well as its credit card.
- On its status page Coinbase was reporting a major outage of its Coinbase credit card and partial outages of its website, mobile apps and API.
- According to Downdetector, Coinbase has been experiencing a high level of outage reports since 17:00 UTC (3 p.m. ET).
- The company tweeted at 17:45 UTC, “We are aware that some customers are having issues accessing Coinbase and Coinbase Pro. We are actively working on the issue and will post an update soon.” It followed that up with a tweet at 18:09 UTC saying, “Trades and transactions may be delayed due to the ongoing issue. We’re all hands on deck to get this resolved as soon as possible. Stay tuned for updates.”
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- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Tether leads $8 million investment in Speed to push USDT further into everyday payments
Using the Bitcoin's Lightning Network and Tether's USDT, Speed handles $1.5 billion in annual payments and serves 1.2 million users.
What to know:
- Tether invested $8 million in Speed, a payments company that combines Bitcoin's Lightning Network with stablecoin settlement.
- Speed handles $1.5 billion in annual payments and serves 1.2 million users, using Lightning and USDT .
- The investment supports Tether's efforts to expand USDT's use cases and strengthen Bitcoin-aligned infrastructure, with CEO Paolo Ardoino highlighting the potential of Lightning and stablecoins.
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