Coinbase Exchange will be down for upgrade and maintenance at 01:00 on March 5, Beijing time, which is expected to take 8 hours

Coinbase issued an announcement saying that due to the scheduled technical system upgrade, Coinbase Exchange will be temporarily closed starting at around 01:00 on March 5, 2023, Beijing time. All transactions and transfers in Coinbase Pro and Coinbase Exchange will be closed 1 month before the shutdown begins. hours suspended. The downtime is expected to take 8 hours to complete, divided into two stages: technical system upgrade and restart of trading. Technical system upgrades can take up to 4 hours, at which point the exchange will enter maintenance mode, the Websocket feed will still be available, but no new data will be published, users will not be able to log into their accounts, access funds, and Coinbase will not modify during this time or cancel customer orders. After the technical system upgrade is completed, except for trading, other functions of the exchange will be restarted. Restarting trading in the second phase will take up to 4 hours, order book trading will be gradually re-enabled through the price discovery auction process, during this period all order books will be in auction mode, customers can post limit orders and view the indicative opening price generated . After the auction is completed, the cross order will be matched at the opening price, and the order book will switch to limit price or full transaction mode.