why is coinbase down right now

Coinbase is currently experiencing downturns in price, user activity and user satisfaction, and its earnings are in decline. This decline is primarily due to a number of factors, including increasing regulations and increased competition in the cryptocurrency market. In addition, Coinbase's focus on wallet security and regulatory compliance has led to concerns among some users. Coinbase has also been hit by fraud cases, which has caused a loss of trust in the platform. Overall, Coinbase's downturn is a reflection of the challenges that cryptocurrencies and digital asset platforms face in the face of increasing regulation and competition.