On October 20, a technical issue in Amazon Web Services’ (AWS) cloud infrastructure led to service problems for several online platforms, including Coinbase
$1.84B
and Robinhood.
AWS confirmed the issue after it began and later said that systems relying on the affected region had mostly recovered. In an update, AWS stated that it would continue monitoring the situation and share more details when available.
Coinbase experienced trouble due to errors and slow response times in AWS’s Northern Virginia data center. The result was a breakdown of Coinbase’s mobile app.
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Users had trouble signing in, submitting trades, and moving funds. Coinbase’s other product, Base, was also affected.
Coinbase said that some users were beginning to regain access, but their team was continuing to address the situation with urgency.
According to the latest update on October 21, the exchange shared on X:
Coinbase systems have recovered after today’s AWS outage. While we do not expect any more instability, we will continue to monitor the situation.
Robinhood was not hit as hard but did experience some problems. Users noted delays in order processing and issues with its API.
In an October 21 post on X, the platform announced:
Following issues due to AWS, Robinhood services are now operating normally. We appreciate your patience and will continue to monitor the situation.
Meanwhile, Binance recently addressed user concerns after several tokens on its platform appeared to fall to zero during volatile market conditions on October 10. What did the exchange say? Read the full story.
