Coinbase, along with a host of other major internet platforms, experienced service disruptions following a significant outage at Amazon Web Services (AWS). The widespread problems highlighted the digital economy's reliance on centralized cloud infrastructure, with services like Duolingo, The New York Times, Fortnite, and Roblox also reporting issues. The external infrastructure failure was identified as the root cause of the instability for the affected platforms. Developers and support teams publicly acknowledged the service disruptions and worked with AWS to restore normal operations for their users. There was no specific market reaction analysis available regarding Coinbase's stock in relation to this particular outage.
Coinbase Services Disrupted by Widespread Amazon Web Services Outage
COIN
Related News
COIN
Coinbase CEO Downplays Quantum Computing Threat to Blockchain
COIN
Coinbase CEO Expresses Optimism on U.S. Crypto Market Structure Negotiations
COIN
Coinbase Expands On-Chain Lending with Additional Crypto Collateral Options
COIN
Coinbase Shifts Base to Independent Tech Stack to Drive Scalability Amid Market Downturn
COIN