Exchanges

Amazon Web Services Outage Affected Binance & KuCoin Exchanges

Binance cryptocurrency exchange has temporarily disabled both deposit and withdrawal functions on its platform due to some issues with Amazon Web Services Relational Database Service in Tokyo.

This issue has affected KuCoin exchange as well, causing major interruption on the exchange services.

KuCoin Announcement

At the time of writing, Amazon AWS still having technical issues.

Amamzon AWS Status

I think its time to consider using decentralized exchanges (DEX) instead of the centralized one. Decentralized platforms offer high availability, scalability and better security.

Sying Tien

Professional Trader, Social media scholar and a Crypto expert. If you have any comments, suggestions or questions feel free to contact me at sying.tien@thecoinspost.com and i will get back to you shortly.

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