Coinbase Recovers from Outage but Faces Ongoing Performance Issues

The crypto exchange experienced a three-hour system-wide outage, leaving some users with degraded transaction capabilities.

Coinbase's outage began around 4:15 a.m. UTC and lasted for approximately three hours.
Users were assured that their funds were safe despite the system-wide glitch.
Some Coinbase services, including the mobile app and website, still show degraded performance.
The cause of the outage remains under investigation by Coinbase.
The company's stock saw a 3% dip during the incident.