Coinbase Attributes Prolonged Trading Outage to AWS Service Disruption

Coinbase, one of the leading cryptocurrency exchanges, reported that a substantial disruption in its trading operations was linked to an outage involving Amazon Web Services (AWS). According to the company, the incident led to extended downtime for users attempting to trade crypto assets on its platform. Coinbase has confirmed that systems have now returned to normal and assured its user base that a comprehensive investigation will be conducted to determine the root cause and prevent future incidents.

The disruption comes at a time when Coinbase is facing increased scrutiny due to recent staff layoffs and reported first-quarter losses. The exchange's reliance on third-party infrastructure highlights ongoing challenges that major crypto platforms may encounter regarding service continuity and operational resilience. Further updates are expected as Coinbase completes its review of the outage.