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Following the Bitcoin surge, Coinbase's app is showing users a zero balance

Bitcoin's rally is turning out to be bad news for Coinbase, the crypto trading app that has just confirmed some of its customers are seeing a zero balance across their Coinbase accounts. Likely, the app's crash has to do with the recent demand for Bitcoin, the popular cryptocurrency that has surged to $60,000 close to its all-time high last seen in 2021. The price of Bitcoin climbed in the wake of U.S. bitcoin spot ETFs, driving a 42% price rally this month. ....

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coinbase accounts zero balance: Coinbase says it's investigating issue on accounts showing zero balance

The outage comes after bitcoin hit $60,000 on Wednesday for the first time in more than two years, as a flurry of capital into new US spot bitcoin exchange-traded products fuelled a price rally in February. ....

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Coinbase says outage affecting trading accounts beginning to improve

Coinbase Global said on Wednesday it was beginning to see improvement in customer trading after an issue caused some users to see zero balance across their accounts and may have led to errors in buying or selling. "We're beginning to see improvement in customer trading. Due to increased traffic, some customers may still see errors in login, sends, receives and with some payment methods," the crypto exchange added in a post on social media platform X, adding that all customer funds were safe. ....

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Coinbase Hit With an Outage. Users See $0 Balances and Other Glitches.

Coinbase customers started seeing $0 balances on the exchange in error on the same day the price of Bitcoin surged to its highest level since late 2021. ....

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Bitcoin price passes $57,000 to hit 2-year high

The original cryptocurrency is just over $10,000 away from an all-time high ....

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