AWS Outage Disrupts Crypto Exchanges, Raising Questions About Web3’s Centralized Backbone

On Tuesday, a connectivity issue at Amazon Web Services’ (AWS) data center disrupted several major cryptocurrency exchanges, including Binance, KuCoin, and MEXC. AWS is currently the largest cloud provider, holding over 30% of the global market, according to Statista . It powers everything from streaming platforms to crypto exchanges and sits well ahead of its closest competitors: Microsoft Azure at 21% and Google Cloud at 12%. Together, these “Big Three” cloud giants control more than 60% of the rapidly growing market, while all other providers remain in the low single digits. The AWS disruption led to failed orders, inaccurate charts, and asset transfer delays on several exchanges. Although AWS service has since resumed, the outage has sparked an important debate within the crypto community: Is decentralized infrastructure too dependent on centralized platforms? To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant