Coinbase is operating as usual and all customer funds remain safe and accessible

Coinbase tweeted that Coinbase continues to operate as usual. At Coinbase, all customer funds remain safe and available, including USDC conversions that will resume on Monday. All customer cash at the bank continues to be protected by FDIC insurance. Due to the FDIC hold on Signature transactions, Coinbase is currently facilitating all customer cash transactions with other banking partners. As of the end of the business day on March 10, Coinbase had a cash balance of $240 million at Signature. Coinbase wants to get those funds back in full.