Coinbase Experiences Brief Trading Disruption on Earnings Day

On February 12, 2026, Coinbase experienced a short-lived technical issue that affected some customers’ ability to trade cryptocurrencies. The disruption occurred on the same day as the company’s scheduled quarterly earnings report.

At approximately 10:07 a.m. Pacific Time, users on Coinbase’s retail and Prime platforms reported being unable to buy, sell, or transfer cryptocurrencies. Coinbase confirmed the incident through its support channel and stated that customer funds remained secure throughout the event.

According to Coinbase, the disruption was caused by a technical problem that was not related to trading volume. The company also stated that trading in derivatives and equities on its platform continued without interruption during the disruption.

Coinbase resolved the issue later that day and assured users that their assets were safe. The company reiterated that the technical problem was addressed and normal service was restored for all affected users.

What the numbers show

• The disruption began at about 10:07 a.m. Pacific Time on February 12, 2026
• Coinbase’s stock price fell by more than 7% following the incident
• The company’s quarterly earnings report was scheduled after market close on the same day

The timing of the disruption coincided with Coinbase’s planned release of its quarterly earnings report, which was set for after the market closed on February 12, 2026. This overlap placed additional attention on the company’s operations during the trading day.

During the disruption, only certain services related to buying, selling, and transferring cryptocurrencies were affected. Other trading activities, such as those involving derivatives and equities, continued as usual, according to Coinbase’s statements.

Coinbase communicated updates about the incident through its support channels and provided assurances regarding the safety of customer funds. The company’s public statements focused on the technical nature of the disruption and the unaffected status of other trading products.

Following the resolution of the technical issue, Coinbase’s stock experienced a decline of more than 7%. The company’s response included confirmation that all customer assets were secure and that full trading functionality had been restored.

* This article is based on publicly available information at the time of writing.