Robinhood App Suffers Technical Issues Again After DOGE & ETH Rise.
2021-05-04 | Big Bob
Renowned cryptocurrency investing app Robinhood is
again having issues with processing orders amid the trading frenzy in crypto assets.
The fourth leading cryptocurrency by market cap,
Dogecoin [DOGE], consistent with Messari, made an all-time high around $0.60 USD earlier today on Tuesday and is now trading around $0.53 USD at the reporting time.
Ethereum [
ETH], the second-largest cryptocurrency, was surging for
a 10x straight daily gain, potentially tying its longest
streak in history, and pushed Tuesday to
a new all-time high price over $3,500 USD.
But many cryptocurrency traders flocking to Robinhood
to put orders may have instead learned that service was disrupted.
Within an
official tweet, Robinhood assured users that
it had been working to resolve
the difficulty as soon as possible:
This isn’t
the primary time Robinhood has experienced platform issues. Earlier in January, Robinhood
blocked trading in volatile stocks including GameStop and AMC during the purchasing frenzy prompted by Reddit group r/WallStreetBets. The trading app faced lawsuits following the blockage.
Earlier in April, Robinhood faced
technical issues due to heightened cryptocurrency trading volumes during a near 15% sell-off in Bitcoin [
BTC].
In line with Tuesday’s tweet, traders can visit status.robinhood.com for
real-time updates.
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