COIN - Coinbase users face intermittent login issues fix implemented

March, 14 2023 10:54 AM Coinbase Global Inc

2023-03-14 10:54:12 ET

Coinbase Global ( NASDAQ: COIN ) users are facing intermittent issues logging into their accounts through the exchange's website and app, as well as through Coinbase Prime.
"Our teams are working to resolve this as soon as possible and funds in Coinbase ( COIN ) accounts are safe," the company tweeted on Tuesday.
According to a status page tracking the snag, the issue has been identified and a fix has been implemented.
Coinbase ( COIN ) is monitoring the results of the fix implemented, but it did not disclose any more details.
The development comes days after stablecoin USD Coin ( USDC-USD ) de-pegged from the U.S. dollar after stablecoin issuer Circle said $3.3B of USDC reserves have been parked at failed lender Silicon Valley Bank. USDC is a key revenue driver for Coinbase ( COIN ).
Earlier, Coinbase ( COIN ) said it had ~$240M cash balance at Signature Bank ( SBNY ), all of which are expected to be recovered .

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