FILE PHOTO: Smartphone with displayed Coinbase logo and display of cryptocurrencies is placed on a keyboard in this image | Photo credit: Dado Ruvic
“We are aware that customers may not be able to buy, sell, or transfer on http://Coinbase.com at this time. Our team is investigating this issue and will provide an update. Your funds are safe,” Coinbase’s support team wrote on X. The issue was resolved about 1 hour later.
In addition, Coinbase CEO Brian Armstrong reportedly sold company stock totaling approximately $550 million during the nine-month period, reflecting an ongoing stake reduction program.
The selling activity follows a pattern seen in previous quarters, in which Armstrong periodically closes his positions in Coinbase Global Inc. phased out, the US-based cryptocurrency exchange he co-founded and currently leads. Such trades are not uncommon among technology and crypto managers and are often executed as part of pre-arranged trading plans in accordance with the SEC rule, which are intended to address insider trading concerns.
Against a backdrop of broader global financial volatility, including pressure on technology stocks and swings in precious metals, market conditions remain liquidity sensitive. In the short term, this environment could support price action within a certain range or continued downward pressure until macro liquidity dynamics stabilize, experts say.
Published on February 13, 2026
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