Update April 15, 9:17 am in UTC: This article has been revised with information throughout.
Binance, KuCoin, MEXC, and additional exchanges and wallet providers have been facing operational challenges due to a major network disruption by Amazon Web Services (AWS).
Centralized cryptocurrency exchanges (CEXs) were affected by an outage at an AWS data center, which indicated “connectivity problems” that impacted at least 12 of its services on April 15.
AWS Service health. Source: Health.aws.amazon
“We are observing preliminary signs of recovery, but we will keep monitoring and work toward complete restoration. Other AWS services are also affected by this situation and are also witnessing recovery. We will furnish another update in the next 30-60 minutes,” AWS stated in an April 15 update.
Binance was one of the initial platforms to identify issues with its functionalities.
“We are aware of a problem affecting some services on the #Binance platform due to a temporary network disruption at the AWS data center,” noted Binance in an April 15 X post, further mentioning that “some orders are still going through, while others are failing. Users facing issues might continue trying.”
Source: Binance
Binance has since resumed services, including user withdrawals, courtesy of the exchange’s prompt collaboration with AWS, a representative from Binance confirmed to Cointelegraph.
Related: Kraken introduces ETF and stock access for US crypto traders
Other prominent exchanges, such as KuCoin and MEXC, also indicated service interruptions.
“Due to a significant network outage with AWS services, our platform is presently undergoing temporary disruptions,” KuCoin stated in an April 15 X post.
Source: MEXC
On MEXC, users on mobile and web platforms were notified of “irregular candlestick charts, unsuccessful order cancellations,” and delays in asset transfers. Nevertheless, users’ assets “remain entirely secure,” the exchange stated in an April 15 X post.
As of 9:30 am UTC, at least eight exchanges reported issues related to AWS, including Coinstore, Gate.io, DeBank, Rabby Wallet, and Weex.
Related: Google to implement MiCA regulations for crypto advertisements in Europe starting April 23
AWS supplies cloud infrastructure for centralized exchanges capable of managing high transaction volumes with minimal latency in trading orders. AWS is utilized by some of the largest cryptocurrency exchanges, including Coinbase, Crypto.com, Huobi, BitMEX, and Kraken.
The repercussions of the AWS outage might be seen as another indication of the susceptibility of centralized infrastructure providers, which may experience cascading effects due to a single point of failure.
AWS outage underscores need for decentralized options
The extensive repercussions of the AWS service disruption might emphasize the necessity for more decentralized alternatives, eliminating single points of failure.
“AWS is down and 90% of crypto is down. Decentralization is merely a meme,” Edmund Chua, head of mETH Protocol, expressed in an April 15 X post.
Source: Gracy Chen
“Issues at the AWS data center affected multiple CEXs — no cause for alarm,” wrote Gracy Chen, CEO of Bitget exchange, adding that “this serves as a solid reminder: Perhaps it’s time to investigate decentralized cloud solutions.”
Decentralized alternatives include Filecoin for storage, the decentralized computing marketplace Akash Network, and the decentralized graphics processing unit compute service Render Network.
Additional reporting by Helen Partz.
Magazine: Crypto market is ‘not playing ball’ thus far in 2025: Jason Pizzino, X Hall of Flame
