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Robinhood Crashes Due to Dogecoin Demand


u.today May 04 2021 15:09, UTC
Reading time: ~1 m

High-flying parody cryptocurrency Dogecoin is once again wreaking havoc on Robinhood's cryptocurrency trading systems.

The popular online brokerage app has just notified its users about issues related to crypto trading.

We are experiencing issues with crypto trading. We are working to resolve this as soon as possible.

Robinhood

The latest partial outage coincided with Dogecoin rallying to yet another all-time high of $0.61 before rapidly paring some of its gains due to a stock market sell-off led by the tech-heavy Nasdaq.

Robinhood's equities trading and options trading remain fully operational at press time.

More trading options

Dogecoin fans who are growing increasingly frustrated with Robinhood's technical difficulties now have more trading options. Gemini, a cryptocurrency exchange owned by the Winklevoss twins, listed the meme coin earlier today.

As reported by U.Today, the meme coin has also become available for margin trading on Bitfinex.


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