Binance, KuCoin, and a number of other crypto companies have hit a wall due to Amazon Web Services issues
Binance resumed withdrawals just five minutes after the issue was first noticed. Users are still reportedly having trouble making trades on both Binance and KuCoin, according to reports in X.
Author: Shaurya Malwa | Edited by: Parikshit Mishra Updated: April 15, 2025 02:39 PM Published: April 15, 2025 08:45 AM
Key points:
- Binance and KuCoin have temporarily suspended withdrawals due to issues with their data center provider Amazon Web Services (AWS).
- Binance resumed withdrawals shortly after the issue was reported, but users are still experiencing difficulties trading.
- Other platforms such as Rabby and DeBank have also reported outages related to AWS issues.
Cryptocurrency exchanges Binance and KuCoin have temporarily suspended withdrawals due to reports of issues with their data center provider Amazon Web Services (AWS).
“We are aware of an issue affecting some services on the #Binance platform caused by a temporary network outage at an AWS data center,” Binance said in a statement to X.
“Some orders are still processed successfully, but many fail. If users experience failures, they can continue to try again.”
Binance resumed withdrawals just five minutes after the issue was first discovered. Users are still reporting difficulties making trades on both Binance and KuCoin, according to posts in X.
Cryptocurrency wallet Rabby and analytics tool DeBank also reported issues in separate posts on X, with all services appearing to be unavailable.
AWS is a cloud platform that provides services such as computing power and data storage to businesses of all sizes. An outage could impact these services and affect companies that use AWS for their websites, applications, or data storage.
