Coinbase Users Locked Out: Unable To Buy, Sell, Or Transfer Crypto

bitcoinistPublished on 2026-02-12Last updated on 2026-02-12

Abstract

Coinbase experienced a significant service disruption on Wednesday, preventing users from buying, selling, or transferring cryptocurrency. The outage occurred just before the company's Q4 2025 earnings report, causing its stock (COIN) to drop 8% to $140. Coinbase acknowledged the issue on social media, deployed a fix, and assured users that funds were secure, but did not disclose the root cause. Ahead of earnings, Monness Crespi double-downgraded COIN from buy to sell, citing a $120 price target and predicting continued weakness in the crypto market.

Cryptocurrency exchange Coinbase (COIN) experienced an unexpected service disruption on Wednesday, just hours before the company is scheduled to report its fourth‐quarter 2025 earnings.

The outage left users temporarily unable to buy, sell, or transfer digital assets on the platform, triggering concern among customers and adding pressure to the company’s stock.

Platform Disruption Hits Coinbase

In a post on X (previously Twitter) Coinbase acknowledged the issue, stating that some customers were unable to conduct transactions on the platform. The company assured users that it was investigating the problem and emphasized that customer funds remained secure.

Shortly afterward, Coinbase Support announced that a fix had been deployed and that teams were monitoring the platform to ensure services were fully restored. However, the company did not provide details about the root cause of the disruption or explain what led to the interruption in trading activity.

Coinbase shares (COIN) fell sharply during Wednesday’s trading session. As of this writing, the stock is trading at $140, marking an 8% decline over the past several hours. The drop comes as analysts prepare for what many expect to be a challenging fourth‐quarter report.

The daily chart shows COIN’s valuation drop. Source: COIN on TradingView.com

$120 Price Target Issued For COIN

Research firm Monness Crespi took a notably cautious stance ahead of the earnings announcement. The firm issued a double downgrade on Coinbase stock, moving its rating from buy to sell.

Analyst Gus Gala described earlier expectations of a steady recovery through 2026 as “foolish,” citing the historical depth and duration of crypto bear markets.

Monness Crespi now anticipates continued weakness through the first half of the year and has revised its 2026 and 2027 projections to levels below Wall Street consensus estimates. Gala also set a $120 price target for the stock, suggesting that more attractive entry points may emerge later.

Featured image from OpenArt, chart from TradingView.com

Related Questions

QWhat was the main issue that Coinbase users experienced according to the article?

ACoinbase users were temporarily unable to buy, sell, or transfer digital assets on the platform due to an unexpected service disruption.

QWhat action did Coinbase take to address the service disruption?

ACoinbase acknowledged the issue on X, investigated the problem, deployed a fix, and had teams monitoring the platform to ensure services were fully restored.

QHow did the service disruption affect Coinbase's stock (COIN) price?

ACoinbase shares fell sharply, trading at $140 and marking an 8% decline during Wednesday's trading session.

QWhich research firm issued a double downgrade and a $120 price target for Coinbase stock?

AResearch firm Monness Crespi issued a double downgrade, moving its rating from buy to sell, and set a $120 price target for the stock.

QWhat reason did analyst Gus Gala give for the cautious stance on Coinbase's recovery expectations?

AAnalyst Gus Gala described earlier expectations of a steady recovery as 'foolish,' citing the historical depth and duration of crypto bear markets.

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