Coinbase was down for more than six hours due to an issue with Amazon Web Services before the US cryptocurrency exchange giant finally re-enabled trading on “all markets”.
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Another AWS outage affects trading
The AWS issue affected cryptocurrency trading on both Coinbase’s web and mobile interfaces, directly impacting users’ ability to make transactions. “We understand that customers may experience degraded performance at this time due to the AWS outage,” Coinbase support acknowledged, adding that customer funds are safe.
“Coinbase experienced a service outage due to high temperatures in the affected area AWS service“.
All markets have been re-enabled for trading on Coinbase Exchange. https://t.co/WQtg90bNqC
— Coinbase Support (@CoinbaseSupport) May 8, 2026
Amazon also confirmed that the issue was due to high temperatures inside one data center in Northern Virginia.
Although it took a few hours for Coinbase to address the issue, they initially put markets in “cancel only” mode before re-enabling trading. “During the ‘cancel only’ mode, all remaining orders are cancelable. Market orders and limit orders are not accepted,” the exchange explained.
Later, it moved the markets to “auction mode,” allowing clients to post limit orders and view the resulting indicative opening price. “The books will be in auction mode for a minimum of 10 minutes, during which no matches will occur,” the cryptocurrency exchange explained. “Upon completion of the auction, cross orders will be matched at the opening price.”
Coinbase experienced a service outage due to high temperatures in the affected Availability Zone (use1-az4) in the AWS US-EAST-1 region.
We will begin the process of re-enabling trading on our markets soon. All markets will be placed in “cancel only” mode before…
— Coinbase Support (@CoinbaseSupport) May 8, 2026
All service was restored at approximately 1 a.m. PT.
However, Coinbase wasn’t the only popular trading venue affected by the AWS outage. It also affected the world’s largest derivatives trading market, CME, which confirmed the restoration of its services without publicly specifying the reason.
Infrastructure is key, but power outages are common
AWS serves as the infrastructure backbone for much of the financial services industry. However, its outages are not unheard of. last year, A few outages in AWS Activities were disrupted on multiple trading platforms, including major cryptocurrency exchanges.
Another notable infrastructure issue in the past year that affected the financial services industry was the Cloudflare outage. A three-hour technical malfunction on the platform It took down parts of the Internet and affected several broker websites, including Monaxa, Skilling.com, Xtrade, and FXPro.
Coinbase was down for more than six hours due to an issue with Amazon Web Services before the US cryptocurrency exchange giant finally re-enabled trading on “all markets”.
Singapore Summit: Meet the top APAC brokers you know (and those you don’t know yet!)
Another AWS outage affects trading
The AWS issue affected cryptocurrency trading on both Coinbase’s web and mobile interfaces, directly impacting users’ ability to make transactions. “We understand that customers may experience degraded performance at this time due to the AWS outage,” Coinbase support acknowledged, adding that customer funds are safe.
“Coinbase experienced service outages due to high temperatures in the affected areas AWS service“.
All markets have been re-enabled for trading on Coinbase Exchange. https://t.co/WQtg90bNqC
— Coinbase Support (@CoinbaseSupport) May 8, 2026
Amazon also confirmed that the issue was due to high temperatures inside one data center in Northern Virginia.
Although it took a few hours for Coinbase to address the issue, they initially put markets in “cancel only” mode before re-enabling trading. “During the ‘cancel only’ mode, all remaining orders are cancelable. Market orders and limit orders are not accepted,” the exchange explained.
Later, it moved the markets to “auction mode,” allowing clients to post limit orders and view the resulting indicative opening price. “The books will be in auction mode for a minimum of 10 minutes, during which no matches will occur,” the cryptocurrency exchange explained. “Upon completion of the auction, cross orders will be matched at the opening price.”
Coinbase experienced a service outage due to high temperatures in the affected Availability Zone (use1-az4) in the AWS US-EAST-1 region.
We will begin the process of re-enabling trading on our markets soon. All markets will be placed in “cancel only” mode before…
— Coinbase Support (@CoinbaseSupport) May 8, 2026
All service was restored at approximately 1 a.m. PT.
However, Coinbase wasn’t the only popular trading venue affected by the AWS outage. It also affected the world’s largest derivatives trading market, CME, which confirmed the restoration of its services without publicly specifying the reason.
Infrastructure is key, but power outages are common
AWS serves as the infrastructure backbone for much of the financial services industry. However, its outages are not unheard of. last year, A few outages in AWS Activities were disrupted on multiple trading platforms, including major cryptocurrency exchanges.
Another notable infrastructure issue in the past year that affected the financial services industry was the Cloudflare outage. A three-hour technical malfunction on the platform It took down parts of the Internet and affected several broker websites, including Monaxa, Skilling.com, Xtrade, and FXPro.
