The Robinhood app crashed yesterday as Bitcoin price plummeted. Many traders were upset because orders were not being filled
Traders on Robinhood were confused by the steep discount in Bitcoin’s price on the investment app last night.
Last night, users were able to place orders to buy Bitcoin at around $34,500 – roughly $4,100 below the prevailing market price of $38,600 at press time. However, according to a person familiar with the situation, none of those orders ended up being carried out.
Robinhood then post Office a statement on Twitter explaining that the app “experienced a temporary issue resulting in an incorrect display price for cryptocurrencies for one hour at 9:50 a.m. KST (6:50 p.m. PT. 24/2). “.
The issue has since been resolved, but clients who attempted to execute trades during this time still had open orders.
Twitter users were quick to point out the sudden and inexplicable drop in Robinhood’s bitcoin prices compared to the prices of other crypto apps and exchanges, with some also expressing anger that their order was not filled.
– Yeah okay man (@YeahOkayManNFT) February 25, 2022
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