Article Summary

**Coinbase Exchange Recovers from Major AWS Outage Affecting Cryptocurrency Trading** Coinbase, one of the world's largest cryptocurrency exchanges, experienced significant downtime today following a widespread Amazon Web Services (AWS) outage that disrupted global digital asset trading operations. The outage temporarily prevented millions of users from accessing their Bitcoin, Ethereum, and other cryptocurrency holdings, highlighting the critical infrastructure dependencies within the blockchain ecosystem. The AWS disruption created ripple effects across the cryptocurrency market, as traders were unable to execute transactions during the outage window. Coinbase users reported being unable to buy, sell, or transfer digital assets, potentially impacting DeFi protocols and automated trading strategies that rely on the platform's API services. The incident underscores the centralized infrastructure risks facing decentralized finance (DeFi) platforms and cryptocurrency exchanges. Beyond Coinbase, the AWS outage affected major platforms including Reddit, Snapchat, banking applications, and the British national rail system, demonstrating the extensive reach of cloud service dependencies. Coinbase has since restored full functionality, allowing normal cryptocurrency trading operations to resume. The exchange has not reported any security breaches or loss of user funds during the outage period.