Cryptocurrency exchange Coinbase is experiencing a “system-wide outage” and the company is investigating the issue.

The exchange said in an X post that the team is working on a solution. “Your funds are safe,” the firm added.

Coinbase’s website currently shows “503 Service Temporarily Unavailable” alert when entering the site.

Coinbase did not immediately respond to The Block’s request for further comment.

This is a developing story.

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