Dogecoin briefly broke Robinhood's crypto trading systems
CNN
Robinhood is again having to explain why users faced issues trading a popular asset on its platform this week.
This time, the asset in question is Dogecoin: a cryptocurrency (which was created as a joke in 2013) popular among Redditors and with Tesla (TSLA) CEO Elon Musk that surged to all-time highs this week. Late Thursday, as Dogecoin rallied past 25 cents for the first time, high demand put "extreme pressure" on Robinhood's crypto trading systems, the company said in a blog post Friday. As the platform was processing orders, "one of our systems failed, which brought down our crypto order system." Within an hour, the system had recovered save for some "intermittent issues," and everything was fixed within two hours, Robinhood said.
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