Robinhood is having problems with Dogecoin

May 5, 2021

Robinhood is having problems with Dogecoin

Looking at the number of investors talking about trading stocks and cryptocurrencies on Robinhood platform, it's clear that the retail-focused brokerage is still doing incredibly well.

Robinhood's Trading Mentions volume is up +910% YoY on a 7-day moving average.

Elevated Dogecoin (DOGE-USD) trading volume managed to crash the Robinhood's entire app yesterday, contributing to the recent increase in investor chatter.

Still, it will take a much larger event than a Dogecoin-induced outage for investor chatter to surpass the levels seen during the GameStop (GME) short squeeze event, when Robinhood faced a massive backlash for limiting trading on several stocks including GME itself.

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