Coinbase’s Epic System Upgrade: A Tale of Delays and New Beginnings

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Amidst the bustling chaos of the digital age, Coinbase, the venerable giant of cryptocurrency, has announced a system upgrade that shall commence on the fateful day of Saturday, August 2, 2025, at the tender hour of 7:00 a.m. Pacific Time, a duration of approximately three hours. 🕒

Oh, but let us not forget, dear reader, that this is not the first time such a grand announcement has been made. The original date, a mere shadow of a memory, was set for the 19th of July. Yet, as fate would have it, the gods of technology have seen fit to postpone this grand event. 🤷‍♂️

System Upgrade Rescheduled for August 2

On the social media platform X, Coinbase has confirmed the rescheduling of its long-anticipated system upgrade. The new date, as if written in the stars, is Saturday, August 2, 2025, at 7:00 a.m. Pacific Time, a period expected to last about three hours, replacing the previously scheduled date of July 19.

Update: The systems upgrade has been moved to Saturday, August 2, 2025 at 7am PT and is expected to last 3 hours.

During the upgrade:
– Simple and Advanced Trade, deposits and withdrawals, transfers out of Coinbase, and use of Coinbase Card will be unavailable.
– Transfers into…

— Coinbase Assets 🛡️ (@CoinbaseAssets) July 3, 2025

During this period of technological rebirth, some Coinbase services may be interrupted, including both Simple and Advanced Trade functions. Deposits, withdrawals, and transfers out of Coinbase may be unavailable, and transfers into the platform could be delayed. The Coinbase Card, that noble instrument of financial freedom, will also be temporarily paused. 🛒🚫

Yet, fear not, for you will still be able to access your account. Coinbase has reassured the public that all funds will remain safe throughout the upgrade period. The company has further advised users to complete any essential or time-sensitive transactions before the upgrade begins, lest they find themselves in a state of digital limbo. 🕵️‍♂️🔍

This scheduled maintenance is part of the company’s noble efforts to improve platform efficiency and overall user experience. Coinbase is urging users to plan their activities accordingly, especially those involved in trading, withdrawals, or other time-sensitive activities. 📅⏰

The company will provide updates if there are any changes to the timeline or if the process will take longer than expected. After all, in the world of technology, nothing is ever as simple as it seems. 🤖🤔

Beyond this technical upgrade, Coinbase is set to launch its first CFTC-regulated perpetual crypto futures in the United States on July 21, 2025. In addition, Coinbase’s stock jumped after Bernstein analysts issued a bullish $510 price target, a sign of things to come. 📈🚀

Coinbase Adds New Assets to Roadmap

While preparing for the system upgrade, Coinbase also shared updates regarding its asset roadmap. The next coins to be listed on Coinbase include three new Ethereum-based tokens: QCAD, SKY, and USDS. These are ERC-20 digital currencies, and their availability for trading will depend on market-making support and the readiness of Coinbase’s technical setup. Coinbase stated that a separate announcement will be made when trading for these assets goes live. 🌟✨

In addition to the roadmap update, Wormhole, that mysterious entity, is now fully available on the platform, including on the Coinbase iOS and Android apps. 📱🌐

Users are encouraged to monitor official Coinbase channels for any further updates related to both the upgrade and upcoming asset listings. For in the world of cryptocurrency, the only constant is change. 🔄🔄

In another notable achievement for the exchange, Coinbase has officially received its MiCA license from Luxembourg’s financial regulator. This will allow the digital asset exchange giant to offer complete crypto services to 450 million EU residents across all 27 member states, a testament to the ever-expanding reach of this technological behemoth. 🏛️🌍

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2025-07-04 23:13