Amazon Web Services Outage Disrupts Binance, KuCoin Withdrawals: Trading Disruptions Continue – Finance Magnates

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Cryptocurrency exchanges Binance and KuCoin temporarily halted withdrawals yesterday (Monday) following a reported disruption at Amazon Web Services (AWS), their cloud service provider, Coindesk reported.
Binance acknowledged the issue in a post on X. “We are aware of an issue impacting some services on the #Binance platform due to a temporary network interruption in the AWS data center,” the exchange wrote. It added that while some user orders were going through, others were failing. Users were advised to retry failed transactions.
Binance resumed withdrawals a little over five minutes after reporting the incident. However, users continued to report problems with placing trades on both Binance and KuCoin, according to several X posts.
Other platforms were also affected. Rabby, a crypto wallet, and DeBank, a blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term analytics tool, each posted on X that their services were temporarily unavailable.
BREAKING: @binance suspends withdrawals as network issues at AWS data centers cause order failures. pic.twitter.com/KyFRYahg9j
The disruption stems from problems at AWS, a major provider of cloud computing services. Many companies use AWS for hosting Hosting Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Read this Term websites, running applications, or storing data. Outages can affect a wide range of services that depend on this infrastructure.
As of the latest updates, services were gradually resuming, but some functionality remained limited.
Following the recent AWS disruption, our services have been fully restored.

All user funds remain 100% safe, and platform data is fully intact. Deposits, withdrawals, and trading are now operating smoothly.

We’re taking steps to further strengthen system resilience and minimize… https://t.co/dwV4UzbSC8
You may find it interesting at FinanceMagnates.com: Amazon Reaches $2 Trillion Market Cap: The New Titan of Tech.
AWS is a cloud provider known for its scalability, global reach, and security features. It offers a range of services such as computing, storage, and AI. However, AWS faces challenges like complex pricing, vendor lock-in, downtime, and high data transfer costs.
Recent innovations include serverless computing, AI integration, and multi-cloud support. Despite these advantages, AWS’s service structure requires careful consideration of its drawbacks and limitations for businesses adopting its solutions.
Update: KuCoin confirmed that all services have been fully restored following the recent AWS disruption. The exchange stated that user funds are secure, data remains intact, and trading activities have resumed normal operations.
Cryptocurrency exchanges Binance and KuCoin temporarily halted withdrawals yesterday (Monday) following a reported disruption at Amazon Web Services (AWS), their cloud service provider, Coindesk reported.
Binance acknowledged the issue in a post on X. “We are aware of an issue impacting some services on the #Binance platform due to a temporary network interruption in the AWS data center,” the exchange wrote. It added that while some user orders were going through, others were failing. Users were advised to retry failed transactions.
Binance resumed withdrawals a little over five minutes after reporting the incident. However, users continued to report problems with placing trades on both Binance and KuCoin, according to several X posts.
Other platforms were also affected. Rabby, a crypto wallet, and DeBank, a blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term analytics tool, each posted on X that their services were temporarily unavailable.
BREAKING: @binance suspends withdrawals as network issues at AWS data centers cause order failures. pic.twitter.com/KyFRYahg9j
The disruption stems from problems at AWS, a major provider of cloud computing services. Many companies use AWS for hosting Hosting Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Read this Term websites, running applications, or storing data. Outages can affect a wide range of services that depend on this infrastructure.
As of the latest updates, services were gradually resuming, but some functionality remained limited.
Following the recent AWS disruption, our services have been fully restored.

All user funds remain 100% safe, and platform data is fully intact. Deposits, withdrawals, and trading are now operating smoothly.

We’re taking steps to further strengthen system resilience and minimize… https://t.co/dwV4UzbSC8
You may find it interesting at FinanceMagnates.com: Amazon Reaches $2 Trillion Market Cap: The New Titan of Tech.
AWS is a cloud provider known for its scalability, global reach, and security features. It offers a range of services such as computing, storage, and AI. However, AWS faces challenges like complex pricing, vendor lock-in, downtime, and high data transfer costs.
Recent innovations include serverless computing, AI integration, and multi-cloud support. Despite these advantages, AWS’s service structure requires careful consideration of its drawbacks and limitations for businesses adopting its solutions.
Update: KuCoin confirmed that all services have been fully restored following the recent AWS disruption. The exchange stated that user funds are secure, data remains intact, and trading activities have resumed normal operations.
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