Coinbase users facing some issues with their account: Report

On May 13, 2022

Nasdaq listed crypto exchange Coinbase responded to the ongoing issues related to the Coinbase crypto accounts.

Coinbase is a popular US-based crypto exchange. This exchange is a publicly listed crypto exchange, which is standing at 2nd in the whole crypto industry in terms of the highest crypto trade volume contributor. The exchange always prefers crypto services under the highly compliance-based rules, to remain neutral on the radar of regulatory bodies globally.

Recently few users faced issues with their Coinbase accounts. Few users reported their issues on Twitter by tagging the official Coinbase Twitter account.

On 12 May, the Coinbase exchange responded to such issues and confirmed that the exchange was aware of such problems that its users are facing issues. The exchange stated that it is working to solve the issues as soon as possible.

“We are aware that some customers are having issues trading and accessing accounts on Coinbase and Coinbase Pro. Your funds are safe, and we are actively working on the issue. We’ll provide an update here soon.”

However, Coinbase confirmed that the issue has been resolved but still the exchange wrote that affected users can talk about this issue to the direct contact support.

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Hi @Freki_Crypto_OGhe, thank you for reaching out to us. The underlying issue that caused difficulties is resolved and full service has been restored. If you still have difficulties you can reach out to our support team here: https://t.co/10ChZzC3IW

^EV
— Coinbase Support (@CoinbaseSupport) May 12, 2022

Twitter thread is witnessing that many users are continuously facing issues. Few users tweeted that they are not able to buy Crypto assets at Coinbase and also they tried to contact the Coinbase team regarding this issue but got no response.

I had this same issue and my solution was to stop using coinbase
— pickle stallion (@pickle_stallion) May 12, 2022

Coinbase Bankruptcy rumors

A few days ago, people were talking about Coinbase exchange’s chances to face bankruptcy risk. But later Coinbase CEO Brian Armstrong talked about this rumor and confirmed that everything is fine and there is no such risk.

But Coinbase CEO said that new rulings of the US Securities and Exchange Commission (SEC), to file the report about the system of exchange that handles crypto assets custody operations of third-party companies, may pose some significant risks.