A major disruption to the crypto market has been caused by an Amazon Web Services (AWS) outage, affecting multiple exchanges including Binance and KuCoin.
Binance, KuCoin, and Other Crypto Firms Hit by Amazon Web Service Issue
Crypto exchanges Binance and KuCoin temporarily suspended withdrawals amid reported issues with their data center provider ‘Amazon Web Services (AWS)’. The issue was first reported at approximately 8:45 a.m. on April 15, 2025.
Binance is a popular cryptocurrency exchange founded in 2017 by Changpeng Zhao.
It offers a wide range of cryptocurrencies for trading, including Bitcoin, Ethereum, and many others.
Binance provides advanced trading features such as margin trading, futures, and options.
The platform also has a robust security system with multiple layers of protection to ensure user funds are safe.
With over 500 million users worldwide, Binance is one of the largest cryptocurrency exchanges by trading volume.
Impact on Users
Binance resumed withdrawals shortly after the issue was reported, but users still face trading issues. Some orders are successful, while others fail, and users may need to retry them. ‘X posts’ show that both Binance and KuCoin users are facing difficulties placing trades.
Widespread Outages
Other services like Rabby and DeBank also reported outages linked to AWS disruptions. ‘Crypto wallet Rabby’ and on-chain analytics tool DeBank reported issues in separate ‘X posts’, with all services unavailable. This highlights the potential risks of relying on a single cloud computing platform for critical infrastructure.
AWS disruptions refer to temporary unavailability of Amazon Web Services due to technical issues, maintenance, or unexpected events.
According to AWS's own statistics, they experience an average of 1-2 hours of downtime per year for each service.
The most common causes of disruptions include network errors, database failures, and security breaches.
To mitigate these risks, AWS provides real-time monitoring and alerts, as well as automatic failover capabilities.
Additionally, AWS offers a Service Level Agreement (SLA) that guarantees a minimum uptime percentage for its services.
Amazon Web Services (AWS) is a cloud computing platform providing services like storage, computing power to all kinds of businesses. An outage may disrupt these services and impact companies relying on AWS for websites, applications, or data storage.
Consequences of AWS Disruptions
An outage at AWS can have significant consequences for companies that rely on the service. The potential disruption to services such as Binance, KuCoin, Rabby, and DeBank highlights the importance of having a backup plan in place and ensuring the resilience of critical infrastructure.
Binance
KuCoin
Crypto exchanges Binance and KuCoin are among the firms affected by the AWS issue.
