Coinbase outage on October 20, 2026: GYEN conversion to USDC
Coinbase has reported an incident affecting Coinbase since 15:14 UTC on 20 October 2026 (2 days 6 hours so far).
Open
Official incident reported by Coinbase
- Started
- 15:14
- 20 Oct 2026 UTC
- Status
- Open
- not resolved yet
- Duration
- 2d 6h
- 2 days 6 hours so far
- Impact
- -
- as rated by Coinbase
- Updates
- 1
- posted by Coinbase
Timeline
All times UTC.
Official incident from Coinbase
GYEN conversion to USDC
-
Official
Monitoring
GMO-Z.com Trust Company, Inc., the issuer of GYEN, is winding down the GYEN stablecoin. Coinbase will convert all GYEN held on Coinbase to USDC from October 26 - 30, 2026. Send and receive support for GYEN will be disabled on Coinbase from October 26, 2026. Any GYEN that remains on platform as of October 26, 2026 will be converted to USDC from October 26 - 30, 2026. Your tokens will be converted at the market rate at the time of conversion. There will be no transaction fees associated with the conversion. If you do not wish for your GYEN to be converted to USDC please send it to a compatible self-custody wallet before October 26, 2026. Tax consequences may apply. Please consult your local tax professional. After the conversion is complete, you will no longer be able to withdraw GYEN and Coinbase will no longer support deposits of GYEN. Please do not send GYEN to your Coinbase deposit address, as these deposits may not be recoverable and will not be converted to USDC.
"Official" rows are quoted from Coinbase's public status page, status.coinbase.com. Very long posts are shortened.
What our checkpoints saw
HostTracker's checkpoints, which test www.coinbase.com from several locations, recorded no outage of 5 minutes or longer during this incident. A provider can report a problem that affects only some features, regions or accounts, which a check of the main address does not see. The live Coinbase status shows what our checks see right now.
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Independent measurement by HostTracker. Not affiliated with Coinbase. Official updates are quoted from Coinbase's public status page and remain Coinbase's own words.