AWS said the problem started after temperatures rose inside a single data centre, blaming a cooling system failure while explaining that engineers brought extra cooling capacity online as recovery work continued.

The outage affected services in one Availability Zone, which is a group of connected data centres designed to operate separately within an AWS region. AWS said it redirected traffic away from the affected zone for most services to reduce disruption.

Later in the day, recovery was taking longer than expected because more cooling capacity was still needed before remaining systems could safely return online. AWS further added that it did not yet have a timeline for full recovery.

Coinbase confirmed its trading platform issues were directly linked to the AWS outage. Users reported problems accessing services and delays during trading, although the company later said all markets had been restored and trading resumed normally.

Meanwhile, CME Group reported login and latency problems on its CME Direct trading platform. In a notice to users, the exchange said it had completed “essential maintenance work” and confirmed customers could log back in. The company did not explain the cause of the disruption.

Neither AWS nor CME immediately responded to requests for additional comment outside normal business hours.

The incident again exposed how heavily large financial platforms depend on cloud providers such as AWS. Even a problem in a single data centre zone can spread quickly across trading services, apps and online platforms used worldwide.

AWS has faced similar problems before. In October last year, a major outage disrupted thousands of websites and apps, including Snapchat and Reddit. That disruption became one of the largest internet outages in recent years.

A month later, CME Group experienced another major interruption after cooling systems failed at a data centre operated by CyrusOne in the Chicago area. Trading across stocks, bonds, commodities and currencies stopped for several hours.

The latest outage also points to stress on data centres as companies expand artificial intelligence systems and use more high-density servers, which generate far more heat and demand stronger cooling systems.

AWS has advised customers to spread workloads across multiple Availability Zones and regions to reduce the risk of large-scale disruptions when outages happen.

The round was led by Humanity Investments, with backing from Animoca Brands, Hex Trust, Three Point Capital and Jamie Rogozinski, the founder of WallStreetBets. 

The funding gives the company the needed capital to push a platform it says is designed to reduce fragmentation and limit bot-driven abuse in retail trading.

The company is targeting a pain point where many traders now operate across several platforms, juggling multiple balances, different regulations and clouded pricing mechanics. 

Everything is betting that a single account and balance, usable across Telegram, mobile and web, will appeal to users tired of that complexity.

An interesting feature is the integration of Humanity’s human verification system. The aim is focused on one person, one account. By tying participation and rewards to verified individuals rather than account numbers, the platform says it can curb fake accounts, automated trading abuse and reward farming.

Tim Tsai, chief executive of Everything, said: “The problem isn’t that traders lack options. It’s that existing options are fragmented, opaque, and dominated by bots.” He added, “We’re building for retail traders who want simplicity, transparency, and fairness. One account. One balance. One set of clear rules. Everything is that venue, and Humanity’s verification ensures it stays fair as we scale.”

The company plans to offer access to crypto, stocks and commodities, with leverage of up to 1000 times. That level of leverage will raise eyebrows in some quarters, but Everything argues that clearer regulations and identity checks can help manage abuse while keeping markets open to smaller traders.

Terence Kwok, Humanity’s founder and chief executive, said the partnership is meant to blend community participation with institutional safeguards. “We’re pairing the most authentic voice in retail trading with the leading regulated financial institution in Asia, Hex Trust, and Humanity’s Proof-of-Trust network to guarantee one-person-one-account integrity. 

“Together, we’re building an exchange where the community drives the rules, institutions provide security, and bots have nowhere to hide,” he said.

The rollout will be gradual, with the first phase expected to be a Telegram mini-app focused on quick onboarding. Mobile, desktop and web versions will follow, alongside additional features outlined in the company’s litepaper.

Everything was founded by former executives from KuCoin, Alibaba and Tencent. Humanity, which provides the verification layer, was built as a trust framework that allows users to prove facts about themselves without exposing private data. Its token is already trading on major exchanges.

Everything’s model will test whether retail traders are ready to trade across markets in one place, under one identity, with fewer hidden regulations.

Today, that problem was cut significantly as FXTM, a global leader in online trading, shed more light on FXTM Edge, a new account designed to make trading simpler, cheaper, and accessible to everyday Nigerians.

At the Marriott Hotel, Ikeja GRA, FXTM executives engaged the media, breaking down how the product, recently launched in Nigeria, reduces entry barriers for beginners while still offering unique value for experienced traders.

Until now, Nigerian traders needed a minimum deposit of $200 to begin trading with FXTM. FXTM Edge reduces this to just $50 (₦ exchange equivalent), opening the door for students, young professionals, and anyone curious about forex or commodities.

“Many Nigerians are interested in trading but are held back by complexity, high costs, or lack of experience,” said Adaeze Uzochukwu, Specialist, Education & Media at FXTM. “FXTM Edge was built to remove those barriers and give everyone a chance to participate in global markets confidently.”

The platform allows users to trade in micro lots, manage risks more effectively, and benefit from an in-app reward system. For every lot or unit traded, users can earn credits which can either be withdrawn or reinvested.

Features for New and Experienced Traders

The new platform was built as a mobile-first solution, targeting Nigeria’s smartphone-driven financial culture.

For beginners, FXTM Edge provides:

• A clean, user-friendly interface free from overwhelming charts.
• Built-in education materials, tutorials, and trade inspiration.
• Micro account options to help new traders test strategies gradually.

For experienced traders, the app offers:

• Competitive spreads from 1.2, sharper than most existing platforms.
• Speed and flexibility for those who prefer mobile over desktop trading.
• Low-risk testing of strategies with smaller deposits.
• Instant deposits and withdrawals in both naira and dollar accounts.

“FXTM Edge is more than just a trading account; it is a gateway for Nigerians to enter the financial markets with confidence,” Uzochukwu added.

Why Nigeria?

On why the app was designed specifically for Nigerians, Uzochukwu explained that the country represents one of Africa’s largest untapped retail trading markets. “It doesn’t matter whether you’re a medical professional, lawyer, student, or businessperson. Everybody is our target audience, so long as you’re interested in trading and making extra money.”

During the roundtable, concerns about regulation in Nigeria’s trading sector were raised, noting that most brokers operate under foreign licences. Uzochukwu admitted that regulatory clarity is a challenge.

“My personal opinion is that SEC has not put out a policy to deal with forex trading,” she said. “That is why the industry looks unstructured. But it doesn’t affect us negatively, because we are very legitimate. We have an office in Nigeria, and whenever issues arise, we clarify with the regulators.”

She further disclosed that FXTM pays required taxes, including through the Federal Inland Revenue Service (FIRS), and has held discussions with government agencies to push for broader regulation.

Building Trust in a Growing Market

Uzochukwu also noted that FXTM has a strong track record on the continent, backing its growth with award-winning platforms, tailored education, and years of operational presence in Africa.

To demonstrate how small deposits can still make a difference, she narrated the story of a Nigerian client who once deposited small amounts between $500 and $2,000 to test strategies. Years later, with greater confidence, he began depositing up to $1 million.

“That is the power of starting small. With FXTM Edge, Nigerians can now do the same, without fear of losing everything upfront,” she said.

With FXTM Edge, the company believes that a simplified, mobile-first, and lower-cost approach will enhance Nigerian participation in global markets.