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Display Error Made Bitcoin Appear $4,000 Cheaper For Some Robinhood Users

Published 25/02/2022, 13:05
Updated 25/02/2022, 13:42
© Reuters.  Display Error Made Bitcoin Appear $4,000 Cheaper For Some Robinhood Users

The price of Bitcoin (CRYPTO: BTC) displayed on Robinhood Markets Inc (NASDAQ: NASDAQ:HOOD) trading app was $4,000 lower than its actual market price during Asian hours on Friday.

What Happened: Several users reported trying to buy Bitcoin at a low of $34,500 on Robinhood and immediately sell it on other exchanges for a higher price.

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Chaparro later confirmed the price was reflected inaccurately on Robinhood due to a display issue and not a fault with the platform’s liquidity providers.

Some users also reported they had noticed a similar price glitch with Ethereum (CRYPTO: ETH) on Robinhood.

Price Action: Robinhood shares traded 0.087% lower during the pre-market session on Friday.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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