AWS Outage Halts Coinbase and Robinhood Trading
On October 20, an AWS outage in Northern Virginia halted trading, deposits and withdrawals on Coinbase and Robinhood. Users faced login failures, slow response times and API errors on Coinbase’s mobile app and Base platform. Robinhood experienced order delays and processing interruptions. The disruption affected order books, price feeds and wallet services across multiple venues. By October 21, both exchanges had restored full functionality and continue to monitor systems. The incident underlines the reliance of crypto exchanges on cloud infrastructure. Traders should review contingency plans and watch for liquidity and performance risks during future AWS outages.
Neutral
Short-term, the AWS outage temporarily disrupted trading and liquidity on major exchanges, causing volatility and halted orders. However, rapid recovery limited direct price impact on cryptocurrencies. Long-term, the incident highlights systemic risk from cloud reliance and may prompt exchanges to diversify infrastructure. While this could bolster service resilience, it is unlikely to drive a sustained market trend. Overall, the news has a neutral impact on crypto prices.