Coinbase has sent out a press release notifying the public that its website will be undergoing maintenance over the coming week. The scheduled maintenance, which is expected to last for exactly seven days will lead to some movements being experienced in the blockchains supported by Coinbase. The public should, however, note that the movements in question are nothing to worry about as they are closely monitored and controlled by the Coinbase team. The maintenance is necessary in order to enhance the security of the platform and ensure that customers are adequately protected as they engage with it.
You can check for updates here:
- Coinbase: https://status.coinbase.com/
- Coinbase Pro: http://status.pro.coinbase.com/
- Coinbase Prime: http://status.prime.coinbase.com/
The platform was set up in June 2012 to operate as a digital currency wallet. It also acts as a wallet that can be used by consumers and merchants to transact with all kinds of cryptocurrencies, both old and new alike, e.g., Litecoin, Ethereum, and Bitcoin. The company is headquartered in San Francisco, California.
Coinbase has been properly licensed and regulated. Since inception, it has managed to raise a total of two hundred and seventeen million dollars from different investors such as The NYSE, Rabbit Capital, and Andreessen Horowitz. It also happens to be among the oldest cryptocurrency exchanges in the world today.