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Robinhood crypto trading crashed during a Dogecoin spike
Robinhood ran into issues processing cryptocurrency trades this morning, during a spike in the price of Dogecoin that sent users flocking to the app. The website DownDetector shows the outage starting around 9:30AM ET and reducing in severity about an hour later. Robinhood confirmed that it experienced a “partial outage” in crypto trading and said the issues had been resolved as of 11:15AM ET.
The outage was particularly noticeable since it came during a spike (and subsequent dip) in Dogecoin prices. Coins were priced at around $0.40 USD at the beginning of the day. Around 8AM ET, they spiked past $0.50 USD and reached as high as $0.60 USD near 10AM ET.
Update: Crypto trading is now fully restored. We know some customers may have...
Original Link: https://www.theverge.com/2021/5/4/22419159/robinhood-dogecoin-outage-crypto-trading-crash
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