🗒️ **Watchlist**
- Coinbase’s India site has confirmed that rupee withdrawals remain unavailable and have been down for 5 days.
- The disruption was caused by a payment system failure at a banking partner, affecting all of the bank’s customers. The platform emphasized that funds are safe.
- Deposits (including UPI) and bank account linking are working normally, and there is no estimated restoration time.
💡 **Why it matters**: Withdrawals are essential to users’ day-to-day liquidity. A prolonged outage could affect engagement and trust; however, deposit channels remain unaffected, meaning users can still deposit assets.
❓ **Still to be confirmed**: When will the bank fix its system? Does Coinbase have an alternative channel?
This is not investment advice.
#Coinbase #India #CryptoLiquidity #Write2Earn
- Coinbase’s India site has confirmed that rupee withdrawals remain unavailable and have been down for 5 days.
- The disruption was caused by a payment system failure at a banking partner, affecting all of the bank’s customers. The platform emphasized that funds are safe.
- Deposits (including UPI) and bank account linking are working normally, and there is no estimated restoration time.
💡 **Why it matters**: Withdrawals are essential to users’ day-to-day liquidity. A prolonged outage could affect engagement and trust; however, deposit channels remain unaffected, meaning users can still deposit assets.
❓ **Still to be confirmed**: When will the bank fix its system? Does Coinbase have an alternative channel?
This is not investment advice.
#Coinbase #India #CryptoLiquidity #Write2Earn
