Coinbase has restored all market trading, the incident is related to a broader AWS outage

Coinbase stated that the system detected a high error rate in multiple services, subsequently pinpointing the failure to the AWS US-EAST-1 availability zone use1-az4. The Coinbase system originally had single availability zone fault tolerance, but this failure affected multiple availability zones, resulting in a prolonged interruption of core trading services.

The main issues have now been fully resolved, and the team will conduct a comprehensive analysis of this incident and provide further updates after AWS releases the official review report.