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Robinhood Crashes Due to Dogecoin Demand

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Tue, 4/05/2021 - 14:51
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Robinhood Crashes Due to Dogecoin Demand
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High-flying parody cryptocurrency Dogecoin is once again wreaking havoc on Robinhood's cryptocurrency trading systems.

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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.

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Image by robinhood.com

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.

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

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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, Dogecoin has also become available for margin trading on Bitfinex.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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