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Base APP to Pause Coinbase Functions for Four-Hour Upgrade

Coinbase will suspend spot and advanced trading for up to four hours on Oct. 25 during maintenance, with all order books briefly in cancel-only mode.

Summary

On October 25, Coinbase will temporarily halt spot and advanced trading for scheduled maintenance expected to last up to four hours. All order books were placed in cancel-only mode for about 10 minutes before all remaining trading features were shut down. This coincides with Base APP’s platform upgrade starting at 7:00 a.m. PT, which will pause staking, on-chain funding, Coinbase Pay purchases, and withdrawals. The maintenance aims to improve system performance and functionality.

Terms & Concepts
  • Staking: A process in blockchain networks where users lock up cryptocurrency to support network security and consensus, earning rewards in return.
  • On-chain Transactions: Cryptocurrency transactions recorded directly on the blockchain ledger, ensuring transparency and immutability.
  • Coinbase Pay: A payment service by Coinbase that allows users to purchase crypto directly through connected wallets or applications.