AWS Hardware Failure Forces Coinbase Into Cancel-Only Mode

TLDR Coinbase halted trading after a hardware failure disrupted its systems at an AWS data center. The exchange placed all markets into Cancel Only mode for several hours. Increased temperatures affected Availability Zone use1-az4 in the AWS US-EAST-1 region. Coinbase reported a loss of $1.49 per share in its first-quarter earnings. Revenue reached $1.41 billion, [...]

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