WuBlockchain
Coinbase Exchange has been offline for over two hours, with the platform's status page blaming an AWS outage for degraded trading performance. The exchange said its team is investigating and that user funds remain safe, while redirecting users to AWS's own service health dashboard for updates.
Why it matters
Coinbase is the largest US-listed crypto exchange by volume and the on-ramp for a large share of retail flow. A multi-hour outage at the venue effectively halts trading for users routed through Coinbase, and the AWS attribution puts a spotlight on the broader industry's reliance on a single cloud provider. Past cloud-provider incidents — including a 2023 AWS outage that knocked multiple exchanges offline — have typically lasted hours rather than days, but the duration here is already past the two-hour mark.
Market impact
Trading desks and market makers relying on Coinbase for execution face the same fate as retail users: no fills until the venue reconnects. With funds confirmed safe and AWS handling the underlying incident, the resolution path is external to Coinbase's own engineering — meaning the timeline depends on Amazon's service restoration rather than the exchange's own fix.
Frequently asked questions
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Why is Coinbase Exchange down right now?
Coinbase's status page attributes the outage to an AWS incident, saying users may be unable to trade or may experience degraded performance. The exchange said funds remain safe and pointed users to AWS's service health dashboard for updates.
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Are user funds safe during the Coinbase outage?
Coinbase stated that users' funds are safe. The reported disruption is to trading performance and access, not to custody or balances held on the platform.
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How long has the Coinbase outage lasted?
The exchange has been experiencing degraded performance for over two hours as of the latest status update, with the underlying cause tied to an AWS service disruption.
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What is causing the Coinbase outage — Coinbase's systems or AWS?
Coinbase attributed the disruption to an AWS outage, meaning the underlying issue sits with Amazon's cloud infrastructure rather than Coinbase's own engineering. The exchange said it is investigating and routing users to AWS's status page for service updates.
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How does an AWS outage affect crypto trading on Coinbase?
Because Coinbase's matching engine and front-end run on AWS infrastructure, an AWS disruption can prevent users from placing orders, viewing account data, or executing trades. Recovery timing depends on Amazon restoring the affected services rather than Coinbase pushing its own fix.
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