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Coinbase warns users of potential delays on Hedera Network

Coinbase warns users of potential delays on Hedera Network

HBAR sends and receives may be temporarily disrupted on the exchange, though trading remains active.

Coinbase Global, Inc. (COIN) price

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Market cap
$42.5B (shares as of 2026-09-30)
P/E (trailing)
Not meaningful: trailing loss. Diluted EPS −2.53 for 2025-10-01 to 2026-09-30, rolled from reported annual and year-to-date EPS (approximate) SEC filing
Annual revenue
$7.2B USD (FY ended 2025-12-31) 10-K
Annual revenue growth
+9.4% (FY ended 2025-12-31 vs FY ended 2024-12-31) 10-K
Annual net income
1,260,327,000 USD (FY ended 2025-12-31, attributable to the company) 10-K
Annual operating margin
20.0% (FY ended 2025-12-31)
Forward P/E
Unavailable: no dated forecast source

Gloria daily close for session Oct 29, 2026. Market cap and trailing P/E use this close with the SEC share total and trailing diluted earnings, each dated next to its figure. Annual revenue, revenue growth, net income and margin show their own fiscal period and link the 10-K. Current context may postdate this article.

Coinbase Global, Inc. and its peers

Company PriceMarket capP/E (trailing)Forward P/EAnnual revenue (USD)Annual revenue growthAnnual net income (USD)Operating margin
Coinbase Global, Inc. COIN · Price dated Oct 29, 2026 · tokenized COINx $161$42.5BNot meaningfulLoss, diluted EPS −2.53
to 2026-09-30 · SEC filing
Unavailable$7.2BFY ended 2025-12-31 · 10-K+9.4%FY ended 2025-12-31 vs 2024-12-31 · 10-K1,260,327,000FY ended 2025-12-31, attributable to the company · 10-K20.0%FY ended 2025-12-31
Strategy Inc MSTR · Price dated Oct 29, 2026 · tokenized MSTRx $142UnavailableNot meaningfulLoss, diluted EPS −96.98
to 2026-06-30 · SEC filing
Unavailable$477.2MFY ended 2025-12-31 · 10-K+3.0%FY ended 2025-12-31 vs 2024-12-31 · 10-K−3,848,152,000FY ended 2025-12-31, attributable to the company · 10-K−1,140.8%FY ended 2025-12-31
Circle Internet Group, Inc. CRCL · Price dated Oct 29, 2026 · tokenized CRCLx $80Unavailable16.0Unavailable$2.7BFY ended 2025-12-31 · 10-K+63.9%FY ended 2025-12-31 vs 2024-12-31 · 10-K−69,508,000FY ended 2025-12-31, attributable to the company · 10-K−3.5%FY ended 2025-12-31
Bitmine Immersion Technologies, Inc. BMNR · Price dated Oct 29, 2026 · tokenized BMNRx $22$13.1BNot meaningfulLoss, diluted EPS −4.50
to 2026-05-31 · SEC filing
Unavailable$6.1MFY ended 2025-08-31 · 10-K+84.1%FY ended 2025-08-31 vs 2024-08-31 · 10-K348,577,000FY ended 2025-08-31, attributable to the company · 10-K7,288.1%FY ended 2025-08-31

Missing figures stay unavailable. Forward P/E requires a dated source. Annual revenue, revenue growth, net income and margin come from each company's own 10-K, in US dollars, and each row shows that fiscal year. Revenue growth compares the fiscal year with the prior year stated in the same 10-K. Net income is the full year amount attributable to the company, or available to common stockholders where the filing states only that, or consolidated net income. Each row names its basis. Trailing P/E reads "Not meaningful" when the dated trailing diluted EPS is a loss or zero. An operating margin appears only when the filing states both the operating income and the revenue for the same year.

Sources: SEC filings, Gloria daily closes and CoinGecko. Oldest record refresh: Oct 29, 2026, 12:47 PM EDT. Refresh is not a price or filing date. Each row shows its price date and its annual fiscal period. Peers use industry code and company size, or editorial selection. Market cap multiplies that row price by the company share total the latest SEC filing states for every share class together. Trailing P/E divides it by trailing diluted earnings from SEC filings. Rolled earnings per share are approximate because share counts can change between periods. Both appear only when the SEC data carries its date, so they are estimates at one price date, not synchronized filing valuations. Not investment advice.

Coinbase has flagged potential delays for users attempting to send or receive HBAR, the native token of the Hedera network. The warning, posted on June 13, 2025, signals an operational hiccup on the exchange’s side rather than any broader issue with the Hedera blockchain itself.

For anyone trying to move HBAR in or out of Coinbase right now, the short version: your transaction might take longer than usual. Trading on the platform appears unaffected.

What we know about the disruption

The issue is specifically tied to on-chain sends and receives of HBAR through Coinbase’s infrastructure. In English: if you’re trying to deposit HBAR into your Coinbase wallet from an external address, or withdraw it to a self-custody wallet, you might be waiting a while.

Buying, selling, and trading HBAR within Coinbase’s centralized exchange remains functional. The token still has a dedicated trading page and buy page on the platform, and staking rewards for HBAR on Coinbase continue at an estimated rate of 2.13%.

This is a meaningful distinction. When an exchange pauses or delays deposits and withdrawals but keeps trading live, it typically means the problem sits in the bridge between the exchange’s internal ledger and the external blockchain. Think of it like a bank that can process transfers between its own accounts just fine, but the armored truck carrying cash to other banks is stuck in traffic.

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Coinbase didn’t elaborate on the root cause. These types of disruptions can stem from node connectivity issues, wallet infrastructure maintenance, or integration bugs that require manual intervention from engineering teams. They’re not uncommon across major exchanges, but they’re always worth tracking, especially for users who need to move funds on a specific timeline.

Hedera’s positioning and HBAR’s profile

Hedera is a public distributed ledger that differentiates itself from traditional blockchains through its hashgraph consensus mechanism. Rather than blocks chained together sequentially, Hedera uses a directed acyclic graph structure that its developers claim enables higher throughput and lower latency.

The network is governed by a council of known institutions, a deliberate design choice that trades some degree of decentralization for accountability and regulatory clarity. Hedera has also been leaning into post-quantum security, positioning itself for a future where quantum computing could threaten conventional cryptographic systems.

HBAR has a maximum supply capped at 50 billion tokens, according to CoinMarketCap. That fixed ceiling gives the token a defined scarcity model, though the circulating supply and release schedule are separate considerations that influence price dynamics over time.

The token has maintained a consistent presence on Coinbase, one of the largest US-based crypto exchanges. The fact that Coinbase continues to support HBAR staking at 2.13% estimated rewards, even during this operational disruption, suggests the exchange views the asset as a stable part of its offerings rather than something on the chopping block.

Exchange disruptions: context and pattern

Temporary deposit and withdrawal delays are a recurring theme across every major crypto exchange. Coinbase, Binance, Kraken, and others have all experienced similar interruptions with various tokens over the years. Sometimes it’s a blockchain upgrade that requires wallet software updates. Sometimes it’s congestion on the network itself. And sometimes it’s purely an internal infrastructure issue on the exchange’s end.

The key variable for users is duration. Most of these disruptions resolve within hours. Some stretch into days. In rare cases, they can persist for weeks if the underlying issue is complex or if the exchange deprioritizes the fix for a lower-volume asset.

What makes these events notable isn’t usually the technical problem itself, but rather the downstream effects. Traders who rely on arbitrage between exchanges need reliable deposit and withdrawal channels. Users who want to move assets to cold storage for security reasons get stuck in limbo. And in volatile markets, even a few hours of delay can mean meaningful price slippage.

For HBAR holders specifically, the practical advice is straightforward. If you need to move tokens on or off Coinbase in the near term, build in extra time and monitor Coinbase’s status page for updates. If you’re just holding or trading within the platform, this likely won’t affect you at all.

Here’s the thing worth watching: how quickly Coinbase resolves this will say something about the exchange’s infrastructure priorities. HBAR isn’t the largest asset by trading volume on the platform, so the speed of the fix will reflect whether Coinbase treats mid-tier tokens with the same urgency as its flagship pairs. For investors who hold altcoins on centralized exchanges, that’s the kind of signal that matters more than any single disruption event. It tells you where you sit in the queue when things break.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

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