Robinhood Crypto Trading 'The Big Lie' During A Dogecoin Spike - www.MalkamDior.com
Users were quick to voice their frustrations with the app on Twitter, seeing it as a repeat of the situation that happened in January when Robinhood limited trading on buzzy, soaring stocks, including GameStop and AMC. In the app this morning, a message told users, “We are experiencing intermittent issues with crypto trading. We are working to resolve this issue as soon as possible.” Meanwhile, the price ticker on Dogecoin continued its rapid flip up and down.
Robinhood has made it incredibly easy for anyone to become an amateur trader of stocks or cryptocurrencies. It doesn’t matter what the financial people think it doesn’t matter how much they don’t think it’s worth anything it’s worth what we say it is and we want it.
But that’s also meant that problems with Robinhood can affect markets, since it may be the only route that a mass of traders circling a buzzy asset have to place a buy or sell order.
This is the second Dogecoin-related crypto trading outage on Robinhood in a matter of weeks. On April 16th, Robinhood wrote that enthusiasm for Dogecoin led to “sporadic crypto order failures.” At the time, the company said, “These interruptions aren’t acceptable to us.”