Coinbase Warns Canadian Deposits and Withdrawals Delayed After Interac Outage

The outage matters less for Coinbase specifically than for what it exposes: Canadian dollar on-ramps and off-ramps still run through a single domestic interbank rail, so a failure at Interac becomes a failure at every platform that depends on it. For Canadian users, fiat movement is effectively frozen regardless of what crypto markets are doing, which is a reminder that access to this asset class remains tethered to traditional payments plumbing. The open question is how quickly Interac restores service, and whether exchanges begin routing around a single point of failure.