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

bitcoinistPubblicato 2026-02-12Pubblicato ultima volta 2026-02-12

Introduzione

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

Domande pertinenti

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.

Letture associate

Not a Price Hike, but a Supply Cut? Oil Prices Have Crossed the Tipping Point

The global oil market has passed a critical point, shifting the focus from price increases to potential physical supply shortages. The core issue is a time mismatch: even if the Strait of Hormuz reopens, shipping disruptions have already caused significant delays, which will continue to deplete onshore crude inventories for weeks. Refinery behavior acts as an amplifier. Reduced runs in Asia and Europe don’t reflect weaker demand but instead shrink product inventories, raising fuel prices and refining margins, which in turn encourages higher runs—creating a self-reinforcing cycle. If the Strait remains closed beyond April, traditional pricing models may fail. The market could face an unprecedented physical shortfall of 11-13 million barrels per day—roughly four times historical disruption levels. In such a scenario, price becomes an inadequate balancing tool. The only way to rebalance the market would be policy-driven demand destruction, similar to COVID-era lockdowns. Current prices around $95/barrel are insufficient to balance the market. Key signals to watch include inventory levels, policy announcements, and the pace of involuntary demand contraction. Geopolitically, the situation appears likely to worsen before improving, with little room for compromise between the US and Iran.

marsbit1 h fa

Not a Price Hike, but a Supply Cut? Oil Prices Have Crossed the Tipping Point

marsbit1 h fa

Amazon Invests Additional $25 Billion in Anthropic, AI Infrastructure 'Arms Race' Escalates

Amazon announces an additional investment of up to $25 billion in Anthropic, with $5 billion delivered immediately and the remaining contingent on performance milestones. This follows a recent $50 billion investment in OpenAI, highlighting Amazon's strategy of backing leading AI labs. The deal includes a commitment from Anthropic to spend over $100 billion on AWS infrastructure over the next decade, securing up to 5 gigawatts of computing power to address growing demand and capacity constraints. Anthropic’s annualized revenue has surpassed $30 billion, but the company faces infrastructure strain due to rapid user growth. The investment will support scaling Claude’s capabilities using Amazon’s custom Trainium and Graviton chips. The move deepens integration between Anthropic and AWS, allowing Claude to be accessed natively within AWS services. Over 100,000 organizations already use Claude via Amazon Bedrock. This investment is part of a broader AI infrastructure race, with Amazon planning around $200 billion in capital expenditures this year, largely focused on expanding AI compute capacity.

marsbit1 h fa

Amazon Invests Additional $25 Billion in Anthropic, AI Infrastructure 'Arms Race' Escalates

marsbit1 h fa

A New CEO Who Has Worked Exclusively with Hardware for 25 Years Takes Over Apple, Valued at 4 Trillion

Apple, the world's most valuable tech firm, has appointed John Ternus as its new CEO, effective September 1, replacing Tim Cook who transitions to executive chairman. Ternus, a 51-year-old mechanical engineer with 25-year tenure at Apple, previously served as senior vice president of hardware engineering. Known for his low public profile and lack of social media presence, he played key roles in developing products like the iPad, AirPods, and led Apple’s transition from Intel to in-house silicon chips. Ternus takes over a company valued at $4 trillion, with Cook having multiplied Apple’s revenue and built a $100 billion services business. However, he inherits significant challenges: Apple’s AI efforts, including the delayed Siri revamp powered by Google’s Gemini, remain unproven, and the company is preparing to launch its first foldable iPhone amid supply constraints. While Ternus’s hardware expertise positions him well for product-driven innovation, his lack of software/AI experience raises questions about Apple’s competitiveness in the AI era. The company’s structure has been adjusted to support him, with Cook remaining in an advisory role. Ternus’s engineer-led approach—emphasizing humility and collaboration—may prove vital in navigating Apple’s next chapter.

marsbit1 h fa

A New CEO Who Has Worked Exclusively with Hardware for 25 Years Takes Over Apple, Valued at 4 Trillion

marsbit1 h fa

Atkins' First Year at the Helm of the SEC: A Comprehensive Shift in Crypto Regulation

Paul Atkins marked his one-year anniversary as Chair of the U.S. Securities and Exchange Commission (SEC) on April 21, 2025, overseeing a significant shift in the agency’s approach to cryptocurrency regulation. Under his leadership, the SEC dropped multiple enforcement actions against crypto firms, approved several crypto-linked ETFs, and issued guidance clarifying that most cryptocurrencies are not considered securities under federal law. The SEC also signed a memorandum with the CFTC to improve regulatory coordination. These actions reversed the aggressive enforcement stance of his predecessor, Gary Gensler, and aligned with Trump administration promises to support the crypto industry. However, Atkins has faced criticism from Democratic lawmakers, including Senator Elizabeth Warren, who raised concerns over potential conflicts of interest, particularly regarding dropped cases linked to Trump-affiliated companies. While regulatory clarity has improved, the SEC still awaits congressional action to formally define its jurisdiction over digital assets.

marsbit2 h fa

Atkins' First Year at the Helm of the SEC: A Comprehensive Shift in Crypto Regulation

marsbit2 h fa

a16z: 5 Ways Blockchain Can Help AI Agent Infrastructure

Blockchain technology provides critical infrastructure for AI agents by addressing five key challenges: 1) Non-human identity: AI agents lack standardized, portable identity systems. Blockchain enables verifiable, cross-platform agent identities (like "Know Your Agent" frameworks) through cryptographic credentials and on-chain registries. 2) AI governance: When AI systems execute decisions, blockchain ensures transparency and prevents centralized control by recording actions on-chain and enabling auditable execution logs. 3) Payments: Stablecoins and crypto payments (e.g., x402, MPP) serve as default settlement layers for agent-to-agent commerce, enabling frictionless, programmable transactions for "headless" AI-native businesses. 4) Trust and verification: As AI scales, blockchain provides cryptographic proof of origin and auditable histories, making verification—not intelligence—the scarce resource. 5) User control: Crypto-native tools (e.g., delegation toolkits, intent-based architectures) allow users to set boundaries and maintain oversight over autonomous agents, minimizing blind trust. Together, blockchain and AI can create an economic infrastructure built on transparency, accountability, and user sovereignty.

marsbit2 h fa

a16z: 5 Ways Blockchain Can Help AI Agent Infrastructure

marsbit2 h fa

Trading

Spot

Futures