This marks the second major Amazon AWS outage since April, when “connectivity issues” created usability problems for at least eight large crypto exchanges.
Coinbase and Robinhood were among several major platforms distressed by an Amazon Web Services (AWS) data center outage on Monday, underscoring the risks of relying on centralized cloud providers for critical financial infrastructure.
Coinbase, the third-largest centralized cryptocurrency exchange (CEX) by trading volume, was hit by an AWS data center outage, which reported “increased error rates and latencies” for multiple AWS Services in the Northern Virginia region.
The AWS disruption crashed Coinbase’s mobile application, with multiple users reporting issues logging in, placing orders and withdrawing funds. The Base app was also disrupted.
