TL;DR
- Coinbase will temporarily halt all operations on October 25 starting at 7 AM PT for a scheduled system upgrade.
- The only instruments not affected will be perpetual futures on INTX.
- The platform added support for Binance Coin (BNB), aPriori (APR), and Meteora (MET), while suspending perpetual contracts for Freysa (FAI) and Moonwell (WELL).
Coinbase, one of the largest cryptocurrency exchanges in the United States with over 100 million users, announced it will be temporarily offline on October 25 starting at 7 AM PT due to a scheduled system upgrade.
How Will This Affect Users?
The outage will impact all trading on Coinbase.com, including both Simple and Advanced Trade, as well as Coinbase Exchange and Prime. The only instruments that will remain unaffected are perpetual futures on INTX. Additionally, any in-flight transfers will be delayed until systems are fully operational, meaning users will be unable to move funds during the maintenance window.
The company advised users to follow its official social media accounts for real-time updates and announced that reminders and detailed information will be posted on a dedicated website created to inform users about the upgrade.
Some users expressed frustration that the downtime occurs over the weekend, while others noted that such outages happen regularly due to the complexity of maintaining infrastructure for a large-scale exchange. Nevertheless, this maintenance is crucial to prevent situations like the Binance outage two weeks ago during the sharp market correction.
Coinbase Adds New Assets
Coinbase has continued expanding its asset offerings. On October 22, the exchange added support for Binance Coin (BNB), aPriori (APR), and Meteora (MET), while suspending trading for perpetual contracts of Freysa (FAI) and Moonwell (WELL). The addition of BNB was surprising, as it is the native token of its main competitor, Binance, but the company clarified that the BNB-USD pair will be available in regions where liquidity conditions are met and trading is permitted.
Coinbase’s goal is to strengthen its technological infrastructure and broaden the range of assets available to users, providing access to new cryptocurrencies and advanced trading products. Users should plan their operations considering the maintenance window and temporary restrictions, but the upgrade is expected to improve platform efficiency and security over the long term.
