Coinbase, the largest US cryptocurrency exchange, is seeing “high failure rates on some server systems due to AWS outage,” according to an official post on November 25 after 7:00 pm PST.
In a statement released nine hours ago, Coinbase said that trading was not affected at the time. The next update removed this statement and noted:
“You may experience delays or intermittent errors when executing transactions, as well as when accessing other parts of our applications. Support requests are also being delayed. ”
The AWS problem has had a greater impact on the broader tech sector, with platforms such as Adobe Spark, Flickr, and online newspapers affected in the past 24 hours. The headlines matched allegations that the breach had resulted in “disruption to parts of the Internet” and “business destruction.”
In the narrower context of Coinbase performance, this latest breakthrough is not entirely new. Between March and November of this year, the platform reportedly reported nine separate issues that resulted in different types of interruptions or connectivity issues of varying severity. Widespread discontent prompted Coinbase CEO Brian Armstrong to publicly respond.
As of this posting, Armstrong had not tweeted about the recent AWS incident and its impact on services. Just two days ago, amid huge fluctuations in XRP price, it was also reported that the stock market was in a quandary, although the official status page indicated the transaction was proceeding as expected.