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

Cryptocurrency trade Coinbase (COIN) skilled an sudden service disruption on Wednesday, simply hours earlier than the corporate is scheduled to report its fourth‑quarter 2025 earnings. 

The outage left customers quickly unable to purchase, promote, or switch digital belongings on the platform, triggering concern amongst prospects and including stress to the corporate’s inventory.

Platform Disruption Hits Coinbase

In a post on X (beforehand Twitter) Coinbase acknowledged the difficulty, stating that some prospects have been unable to conduct transactions on the platform. The firm assured customers that it was investigating the issue and emphasised that buyer funds remained safe. 

Shortly afterward, Coinbase Support announced {that a} repair had been deployed and that groups have been monitoring the platform to make sure providers have been absolutely restored. However, the corporate didn’t present particulars in regards to the root explanation for the disruption or clarify what led to the interruption in buying and selling exercise.

Coinbase shares (COIN) fell sharply throughout Wednesday’s buying and selling session. As of this writing, the inventory is buying and selling at $140, marking an 8% decline over the previous a number of hours. The drop comes as analysts put together for what many anticipate to be a difficult fourth‑quarter report.

$120 Price Target Issued For COIN

Research agency Monness Crespi took a notably cautious stance forward of the earnings announcement. The agency issued a double downgrade on Coinbase inventory, shifting its ranking from purchase to promote. 

Analyst Gus Gala described earlier expectations of a gentle restoration by 2026 as “silly,” citing the historic depth and length of crypto bear markets. 

Monness Crespi now anticipates continued weak point by the primary half of the yr and has revised its 2026 and 2027 projections to ranges beneath Wall Street consensus estimates. Gala additionally set a $120 worth goal for the inventory, suggesting that extra enticing entry factors might emerge later.

Featured picture from OpenArt, chart from TradingView.com