Coinbase Prime’s Scheduled System Upgrade to Temporarily Suspend All Institutional Trading Services on June 14
Coinbase Prime, Coinbase’s institutional-focused crypto trading platform, has announced a scheduled system upgrade set for June 14, beginning at 23:00 Beijing time. The maintenance may last up to four hours, with all Coinbase Prime services—including trading, lending, staking, asset transfers, conversions, and on-chain wallet access—temporarily suspended. Any ongoing transactions during the upgrade may experience delays. The platform aims to resume full functionality by 03:00 on June 15. This system upgrade is part of Coinbase’s efforts to improve infrastructure stability and performance. Institutional investors and large-volume traders using Coinbase Prime are advised to adjust their strategies and operations ahead of the downtime to avoid disruptions. No funds will be at risk during the maintenance. Traders should monitor official Coinbase channels for further updates.
Neutral
The scheduled system upgrade on Coinbase Prime will temporarily suspend all trading and related services for up to four hours. While such maintenance can cause short-term interruptions for institutional and high-volume traders, no user funds are at risk and the event is planned with advance notice. Historically, scheduled maintenance of major platforms like Coinbase Prime does not directly impact cryptocurrency prices but may temporarily reduce trading liquidity on the platform. The action signals ongoing commitment to platform reliability and security, which could be viewed as positive in the long term for institutional trust. However, given its predictable and temporary nature, the immediate price impact is expected to be neutral.