POPA ReconCoinbase Restores Trading Following Seven-Hour Outage
Coinbase Restores Trading Following Seven-Hour Outage Coinbase confirmed trading services have resumed following a ~7-hour outage on Friday that left users unable to trade, transfer assets, or access core exchange functions. The disruption was traced to overheating at an Amazon Web Services data center in Northern Virginia. The platform first flagged the issue at ~9 AM SGT, with activity restored by ~4 PM. The outage capped a rough week for the exchange. Coinbase reported Q1 revenue of $1.41B, missing estimates and down 31% YoY, alongside a net loss of $394M. Days earlier, the company anno…
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