The widespread outage affecting Coinbase, Robinhood, and several other major platforms on Monday has been traced back to an Amazon Web Services (AWS) disruption, which crippled multiple cloud-based systems worldwide.
According to reports from Downdetector, users of Coinbase began facing login, trading, and transaction failures across the United States, with similar complaints surfacing from Los Angeles, San Francisco, Seattle, Minneapolis, Phoenix, and New York City. The issue wasn’t limited to crypto platforms — major global brands including Amazon, McDonald’s, Venmo, Roblox, and Perplexity AI were also impacted.
AWS confirmed on its official status page that it is experiencing “increased error rates and latencies” across several core services, including AWS Config, AWS Security Token Service, Amazon Elastic Compute Cloud (EC2), and AWS Systems Manager. The company stated that engineers are actively investigating the root cause.
The dependency on AWS — the backbone of countless apps and financial platforms — caused a ripple effect across industries. On social media, frustrated users criticized the outage, with one remarking:
“Thank goodness these websites are just for games and memes, and not dealing with people’s actual money or anything.”
Both @CoinbaseSupport and @RobinhoodApp acknowledged the disruption on X (formerly Twitter), assuring users that their funds remain safe and that teams are working to restore full functionality.
The outage, now entering its second hour, highlights the heavy reliance of major fintech and web-based firms on AWS infrastructure — underscoring how a single cloud service disruption can halt global operations across industries.