AWS Outages Disrupt Coinbase Advanced and Base Tokens

Amazon Web Services (AWS) experienced widespread outages, which subsequently disrupted Coinbase's services, particularly the Coinbase Advanced premium trading platform, leading to intermittent issues for over two hours.

This incident highlighted centralization vulnerabilities within Coinbase's infrastructure, despite its Base blockchain aiming for decentralization, as its services are not fully balanced across multiple cloud vendors and remain geographically localized.

Following the outages, leading non-stablecoin tokens on the Base network saw minor depreciations in value, with Synthetix declining by about 3.5%. The article suggests that for Coinbase to achieve its expansion goals and compete effectively, it needs to decentralize its hosting services to better align with core crypto values and prevent future setbacks.

(Source：BeInCrypto)