Coinbase Trading Disrupted! Amazon Cloud Outage Under Investigation
TradingKey – A major outage in Amazon Web Services has disrupted Coinbase login and trading functions, with the root cause still under investigation.
On Monday, October 20, Coinbase (COIN) experienced widespread service issues due to a failure in Amazon Web Services (AWS). Users were unable to log in or execute trades. As of press time, only partial access had been restored. Despite the disruption, Coinbase shares rose over 2%, currently trading at $344.
The AWS outage affected numerous internet platforms. According to monitoring site DownDetector, apps and websites including Snapchat, Roblox, Fortnite, Duolingo, and Canva suffered sudden downtime. The issue appears linked to a malfunction in AWS infrastructure, which powers much of the modern internet.
Amazon stated:
“Global services or features relying on the US-East-1 region, such as IAM updates and DynamoDB global tables, may also be experiencing issues.”
However, the company has not confirmed the exact cause, adding:
“The issue appears to be related to DNS resolution at the DynamoDB API endpoint in US-East-1.”
DNS (Domain Name System) failures can prevent applications from locating backend services, leading to widespread outages across platforms.
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