October 20th saw some online platforms encounter difficulties due to a technical snag within Amazon Web Services (AWS)’s cloud infrastructure. Among those affected were crypto exchanges Coinbase
$1.8B
and Robinhood.
Following the onset of the issues, AWS acknowledged the incident and later
reported that most systems impacted by the region in question were back to normal. The company also
mentioned it would continue monitoring developments and provide further updates as they became available.
Coinbase’s problems stemmed from glitches and sluggish response times emanating from AWS’s data center
located in Northern Virginia. This resulted in disruptions to the Coinbase mobile application
.
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Users encountered issues logging in, executing trades, and transferring funds. Coinbase’s affiliated product,
Base, also suffered interruptions.
Coinbase indicated that access was gradually being restored for some users, while their team continued to
prioritize resolving the overall situation.
In a recent update posted on October 21, the exchange announced via X:
Coinbase systems are back online following the AWS service disruption. While stable operations are
expected moving forward, we will maintain a watchful eye on the situation.
Robinhood experienced less severe impacts; however, some users did report delays in processing orders
and API-related problems.
In an announcement shared on X on October 21, the platform stated:
Robinhood’s services are now functioning as usual after experiencing issues related to AWS. We appreciate
your understanding and will continue to monitor performance.
Separately, Binance recently addressed concerns raised by users after multiple tokens on its platform
temporarily displayed values of zero during a period of market volatility on October 10. To find out more,
read
the complete article.