The popular cryptocurrency and stock trading application Robinhood went offline today for the second time in less than a week. The service is now live again, but it’s clear that it remains poorly equipped to deal with huge swells of demand for its services.
As BeInCrypto reported earlier today, global markets are reeling following the collapse of an agreement between OPEC and Russia to support crude oil prices. Saudi Arabia kicked off a price war late last night that not only saw the price of crude oil plummet by around 30 percent per barrel but also take a dramatic toll on many other markets – including cryptocurrency.
Robinhood Down Again as Markets Plunge
According to updates from its official Twitter account, Robinhood paused trading again earlier today. The popular cryptocurrency and traditional asset trading application gave scant reasoning for the downtime on this occasion.The pause in services coincided with huge volatility on Wall Street and elsewhere. It seems probable that the vast moves in stock prices witnessed today attracted huge numbers of traders to use the service, which may have overloaded it again. All services were down for more than an hour in total. It has since been “partially restored.” At the time of writing, some of Robinhood’s features remain offline.Trading is currently down on Robinhood and we’re investigating the issue. We’re focused on getting back up and running as soon as possible and we’ll update the status page with the latest https://t.co/mON07oWvHy.
— Robinhood Help (@AskRobinhood) March 9, 2020
Trading has been partially restored on Robinhood and our team is working to get our platform fully back up and running. We’ll update the status page with the latest: https://t.co/mON07oWvHy
— Robinhood Help (@AskRobinhood) March 9, 2020
Robinhood Goes Down on Another Huge Day of Trading
As mentioned, today is the second time in less than a week that such outages have plagued Robinhood and its users. As BeInCrypto reported last week, the popular application was actually impacted for two days straight during a period of heightened trading last Monday.
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Rick D.
A former professional gambler, Rick first found Bitcoin in 2013 whilst researching alternative payment methods to use at online casinos. After transitioning to writing full-time...
A former professional gambler, Rick first found Bitcoin in 2013 whilst researching alternative payment methods to use at online casinos. After transitioning to writing full-time...
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