Brian Armstrong says Coinbase's exchange went down last night because an AWS data center room overheated when multiple chillers failed. "Our centralized exchange did not [survive the outage]. Exchanges have unique architectures that optimize for latency and co-location of clients." "Given this incident, we'll revisit these tradeoffs to ensure we're giving you the best possible venue to trade." image

Replies (2)

BottleTeams's avatar
BottleTeams 4 days ago
Co location just benefits HFTs who are market making and arbitraging exchanges. Really no other reason to have it. Retail customers are not canceling and replacing orders a thousand times a second.