Coinbase Completes Fix for Temporary Transaction Outage, Now in Monitoring Phase

Key Takeaways

• Coinbase fixed a brief transaction outage on February 12, 2026, that temporarily blocked buys, sells, and transfers on Coinbase.com (resolved within ~40 minutes).
• Funds were never at risk — the company repeatedly confirmed customer assets remained secure in segregated custody throughout the incident.
• Platform is now in monitoring phase after deploying a fix; check the official Coinbase Status page for confirmation of full recovery.

Coinbase, the leading U.S. cryptocurrency exchange, has implemented a fix for a platform-wide issue that temporarily prevented customers from buying, selling, or transferring digital assets on Coinbase.com.

The disruption was first acknowledged by the company on February 12, 2026. In an official update on its status page and X (formerly Twitter) account, Coinbase Support stated: “We are aware that customers may be unable to buy, sell, transfer on https://www.coinbase.com/ at this time. Our team is investigating this issue and will provide an update. Your funds are safe.”

We are aware that customers may be unable to buy, sell, transfer on https://t.co/ohqDivlp6Y at this time. Our team is investigating this issue and will provide an update. Your funds are safe.

— Coinbase Support (@CoinbaseSupport) February 12, 2026

Approximately 40 minutes later, the company announced that the issue had been addressed. “A fix is implemented and we are monitoring to ensure full recovery. Stay tuned for further updates,” Coinbase Support posted on X.

A fix is implemented and we are monitoring to ensure full recovery. Stay tuned for further updates. https://t.co/6XMly1SS9f

— Coinbase Support (@CoinbaseSupport) February 12, 2026

Timing Coincides with Q4 2025 Earnings Release

The outage occurred on the same day Coinbase was scheduled to release its fourth-quarter and full-year 2025 financial results after market close, followed by a webcast discussion. While there is no confirmed link between the earnings preparations and the technical glitch, the timing drew significant attention from traders and the broader crypto community, many of whom rely on the platform for real-time transactions.

Coinbase has repeatedly emphasized that customer funds were never at risk during the incident. This assurance aligns with the company’s standard protocol during service disruptions, as assets are held in secure custody separate from operational systems.

Impact and User Response

Users reported temporary inability to execute trades or transfers, though account access and viewing of balances generally remained available. Social media platforms quickly amplified the news, with many expressing frustration over the timing amid volatile cryptocurrency markets.

Coinbase has faced occasional platform issues in the past, often attributed to surging trading volumes or infrastructure scaling challenges. The company has invested heavily in system reliability and redundancy in recent years as its user base and trading volumes have grown substantially.

Current Status and Recommendations

Status: Monitoring phase active; fix deployed but full resolution not yet formally declared on the status page.

Users experiencing lingering issues are advised to:

• Check the official Coinbase Status page
• Avoid sharing account details publicly
• Contact Coinbase Support through official channels for account-specific concerns

This brief disruption serves as a reminder of the operational complexities involved in running a major cryptocurrency exchange, even as the industry matures and regulatory clarity improves.

Coinbase remains one of the most widely used on-ramps for retail and institutional investors in digital assets, with billions in assets under custody and a growing suite of products including futures, international exchange services, and institutional offerings.

Further updates are expected from the company as systems return to normal capacity.