Coinbase Global Inc. said trading services resumed after a nearly seven-hour outage on Friday left customers unable to transact, following overheating at an Amazon Web Services data center in Northern Virginia that disrupted systems used by the exchange. The outage temporarily suspended transactions and degraded performance across its retail app before operations were restored later in the day. The disruption came after a difficult week for Coinbase, which recently announced 14% workforce cuts a

Coinbase Global Inc. said trading services resumed after a nearly seven-hour outage on Friday left customers unable to transact, following overheating at an Amazon Web Services data center in Northern Virginia that disrupted systems used by the exchange. The outage temporarily suspended transactions and degraded performance across its retail app before operations were restored later in the day. The disruption came after a difficult week for Coinbase, which recently announced 14% workforce cuts and reported first-quarter revenue of $1.41 billion, down 31% and below estimates, alongside a $394 million net loss. CEO Brian Armstrong said the restructuring aims to shift focus toward AI-related capabilities and automation across workflows.