BusinessPostCorner.com
No Result
View All Result
Thursday, May 15, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Binance among crypto exchanges hit by Amazon Web Services outage

April 15, 2025
in Business
Reading Time: 2 mins read
A A
0
Binance among crypto exchanges hit by Amazon Web Services outage
ShareShareShareShareShare

Trading services on Binance, the world’s largest crypto exchange, are up and running again after a problem with Amazon’s cloud computing platform forced the exchange to briefly pause withdrawals early on Tuesday.

“All services are starting to recover and resume,” Binance wrote in a post on X on Tuesday, “Withdrawals have also been reopened.” 

A spokesperson for AWS told Fortune, “The issue has been resolved and the service is operating normally.” 

The brief pause of withdrawals was the result of a “temporary interruption” in an Amazon Web Services (AWS) data center, Binance said in a post on X. Customers were unable to take out money from their accounts for nine minutes as the AWS issue disrupted some trading orders on the exchange, the company said. 

“Some orders are still successful, but some are failing,” Binance wrote on X. Shortly after discovering the issue, the company suspended its withdrawal services “To keep safe.” 

Binance did not immediately respond to a request for comment from Fortune.

Binance was not the only crypto exchange impacted by the outage. Customers of KuCoin, a Seychelles-based crypto exchange, reported on X that they were unable to access the exchange’s website early on Tuesday morning. 

“An AWS outage affected multiple platforms, including KuCoin, today—leading to brief disruptions in some services,” BC Wong, KuCoin’s CEO, wrote on X. “Most services have now recovered, and user assets remain fully secure.”

KuCoin did not immediately respond to a request for comment from Fortune.

Cloud computing companies like AWS play an integral role in letting web-based businesses operate without having to maintain their own servers. AWS allows companies like crypto exchanges, streaming services and e-commerce websites to outsource their computing power needs to one of Amazon’s over 200 global data centers. These data centers house fleets of computer servers that manage, store, and process data on behalf of web-based companies. AWS directly competes with other cloud computing companies like Microsoft Azure and Google Cloud. 

Cloud computing outages are not unheard of. Last summer, an issue with cybersecurity company CrowdStrike suddenly disrupted a number of Microsoft’s services, including Microsoft Azure. The issues caused by the outage lasted for days and impacted airlines, banks and emergency services.

This story was originally featured on Fortune.com

Credit: Source link

ShareTweetSendPinShare
Previous Post

US orders from Chinese small businesses on hold

Next Post

Donald Trump threatens to remove Harvard’s tax exempt status

Next Post
Donald Trump threatens to remove Harvard’s tax exempt status

Donald Trump threatens to remove Harvard’s tax exempt status

US inflation falls to 2.3% in April as tariff effect looms

US inflation falls to 2.3% in April as tariff effect looms

May 13, 2025
Ripple Behind Trump’s XRP Post? Could This Controversy Trigger a Rally to ,000? (XRP Price Prediction)

Ripple Behind Trump’s XRP Post? Could This Controversy Trigger a Rally to $1,000? (XRP Price Prediction)

May 9, 2025
Northamptonshire charity couple move apart to care for animals

Northamptonshire charity couple move apart to care for animals

May 12, 2025
Here are the winners and losers in the Republican tax bill

Here are the winners and losers in the Republican tax bill

May 14, 2025
Gemini Bags Malta MiFID License, Eyes EU-Wide Crypto Perps Rollout

Gemini Bags Malta MiFID License, Eyes EU-Wide Crypto Perps Rollout

May 9, 2025
House Democrat bill expands QBI tax break for small business

House Democrat bill expands QBI tax break for small business

May 8, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

US poised to dial back bank rules imposed in wake of 2008 crisis

US poised to dial back bank rules imposed in wake of 2008 crisis

May 15, 2025
Jaguar Land Rover says it has no plans to build cars in the US

Jaguar Land Rover says it has no plans to build cars in the US

May 15, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!