Amazon AWS outage knocks Coinbase mobile app offline, Robinhood also affected

Amazon AWS outage knocks Coinbase mobile app offline, Robinhood also affected

By Cointelegraph
This marks the second major Amazon AWS outage since April, when AWS's “connectivity issues” created usability issues for at least eight large crypto exchanges.

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**Amazon AWS Outage Disrupts Major Cryptocurrency Exchanges as Coinbase and Robinhood Go Offline**

A significant Amazon Web Services (AWS) outage has knocked several prominent cryptocurrency trading platforms offline, including Coinbase's mobile application and Robinhood's trading services. This infrastructure disruption highlights the crypto market's heavy reliance on centralized cloud services, potentially affecting millions of Bitcoin, Ethereum, and altcoin traders worldwide.

The AWS connectivity issues mark the second major cloud service failure impacting cryptocurrency exchanges since April, when eight large crypto platforms experienced similar usability problems. This recurring pattern raises concerns about infrastructure vulnerabilities in the rapidly growing DeFi and digital asset ecosystem.

Trading disruptions during AWS outages can significantly impact cryptocurrency market liquidity and price discovery, as major exchanges handle billions in daily trading volume. Coinbase, one of the largest cryptocurrency exchanges globally, processes substantial Bitcoin and Ethereum transactions that drive market dynamics.

The incident underscores the need for cryptocurrency platforms to diversify their cloud infrastructure dependencies and implement robust backup systems. As blockchain technology and digital assets continue mainstream adoption, reliable exchange infrastructure becomes increasingly critical for market stability and investor confidence in the cryptocurrency sector.

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Market Sentiment
neutral
Category
regulation
Reading Time
1 min read
Article Type
Article
Topics & Keywords
#Regulation

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Source: Cointelegraph

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