Coinbase investigates delayed Ethereum and ERC-20 transfers
Coinbase is investigating delays affecting Ethereum and ERC-20 sends and receives, while trading and fiat transactions remain fully operational.
Key takeaways
- 1Coinbase reported delays affecting ETH and ERC-20 sends and receives.
- 2Asset trading and fiat deposits or withdrawals remain fully operational.
- 3Coinbase stated customer funds are safe while engineers work on a resolution.
Coinbase is investigating an operational issue that is causing delays for Ethereum and ERC-20 token transactions on its platform. The company confirmed the problem in a status incident report published at 16:37 PST on 11 November, acknowledging that some users are experiencing delays when attempting to send or receive these digital assets.
The delays are limited specifically to external transfers on the Ethereum network. Coinbase said that buying, selling, and fiat deposits or withdrawals remain fully operational. The company assured users that their funds remain safe while engineering teams investigate the root cause and prepare a follow-up status update.
ERC-20 is the main technical standard used for creating and executing smart contract tokens on the Ethereum network. Centralized exchanges like Coinbase process millions of crypto transactions daily through wallet infrastructure, where temporary database backlogs or node syncing delays can pause outgoing and incoming transfer queues.
The incident means users trying to move ETH or ERC-20 tokens off the exchange to self-custody wallets or other platforms will face longer processing times. Because core order book trading and fiat transactions remain fully active, market activity on the exchange continues normally while traders wait for Coinbase to resolve the transfer backlog.
Reported and edited by the YourKhabri desk under our editorial policy. Nothing here is investment advice.