Coinbase Suffers Major Outage, Halting All Trading

Edgen Crypto

·Feb 12 2026, 18:30

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Key Takeaways

Coinbase, a major cryptocurrency exchange, confirmed a full-scale trading outage. The platform disruption prevented users from executing any buy, sell, or trade orders, raising immediate concerns about platform reliability and potential market impact.

Coinbase experienced a complete trading halt, locking all users out of buying, selling, and trading activities.
The failure undermines investor confidence in the platform's stability, particularly during periods of market volatility.
The outage poses a direct risk to Coinbase's reputation and its stock (COIN), with the potential for significant price swings once service is restored.

Coinbase Confirms Widespread Trading Halt

Cryptocurrency exchange Coinbase reported a major system-wide failure, confirming that users were unable to conduct any trading activities. The disruption disabled all core functions, including buying, selling, and trading digital assets on the platform. This complete halt represents a critical operational failure for one of the largest publicly traded exchanges in the digital asset market, effectively freezing user assets and preventing them from reacting to market movements.

Outage Risks Investor Confidence and Market Volatility

The inability for users to manage their portfolios raises significant concerns about the platform's reliability and could erode investor confidence. Such outages are particularly damaging as they can trap traders in positions, leaving them exposed to adverse price action without any recourse. The event places Coinbase's reputation and its stock (COIN) under pressure. Furthermore, the incident creates the potential for sharp, unpredictable price volatility once services are restored, as a backlog of pent-up buy and sell orders hits the market simultaneously.