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.
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