Coinbase Outage Resolved: Users Report Improving Trading Accounts

Coinbase Global experienced an outage that caused some users to see zero balances in their accounts and errors in buying or selling, but the company stated that customer funds were safe and that improvements in customer trading were beginning to be seen. The outage occurred as bitcoin hit $60,000 for the first time in over two years, with a surge in traffic causing issues for users. CEO Brian Armstrong attributed the problem to a large surge in traffic, and user reports of issues peaked at over 9,000.