04 May 2021, 02:05 pm
Robinhood faced another outage after Dogecoin prices surged 30%, setting a new record high above 50 cents.
The cryptocurrency's price surge drove Robinhood to its second Dogecoin-related outage in 2021 alone.
Robinhood's Outage: Is the Trading Platform Ready For Cryptocurrency?
On Tuesday, May 4, Robinhood admitted to experiencing issues with its cryptocurrency trading feature while users flock to take advantage of Dogecoin's price surge.
According to DownDetector, the outage started at 9:21 a.m. ET and eased about an hour later.
We’re currently experiencing issues with crypto trading. We're working to resolve this as soon as possible. For the latest updates, check https://t.co/ZS733G6N1J— Robinhood Help (@AskRobinhood) May 4, 2021