AWS Outage Impacts Binance, KuCoin, and Other Crypto Platforms: Decentralized Solutions Emerge

A recent outage impacting Amazon Web Services (AWS) caused significant downtime for several cryptocurrency platforms. Notably, withdrawals and trading on Binance and KuCoin were halted for over an hour due to the disruption of 12 AWS services. This incident serves as a reminder of crypto’s reliance on centralized cloud infrastructure, prompting discussions about the need for more decentralized alternatives that can mitigate future single-point failures.