FILE PHOTO: Smartphone with displayed Coinbase logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken
| Photo Credit:
Dado Ruvic
Global cyrptocurrency exchange Coinbase late on Thursday suffered a service disruption, resulting in users being unable to buy, sell or transfer their cryptocurrencies on the platform for around 1 hour.
“We are aware that customers may be unable to buy, sell, transfer on http://Coinbase.com at this time. Our team is investigating this issue and will provide an update. Your funds are safe,” Coinbase’s support team posted on X. The issue was resolved around 1 hour later.
Separately, Coinbase CEO Brian Armstrong has reportedly sold company shares amounting to approximately $550 million over the nine-month period, reflecting a sustained programme of stake reduction.
The selling activity follows a pattern seen in prior quarters, during which Armstrong periodically trimmed his holdings in Coinbase Global Inc., the US-based cryptocurrency exchange he co-founded and currently leads. Such transactions are not uncommon among technology and crypto executives and are frequently conducted under pre-arranged trading plans pursuant to SEC Rule, which are designed to mitigate insider trading concerns.
Against a backdrop of broader global financial volatility, including pressure on technology equities and fluctuations in precious metals, market conditions remain liquidity-sensitive. In the near term, this environment could support range-bound price action or continued downside pressure until macro liquidity dynamics stabilise, experts say.
Published on February 13, 2026
