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.
Bitcoin price on Robinhood is more than $4,000 lower than the broader market pic.twitter.com/03BnKjTVJp— Frank Chaparro (@fintechfrank) February 25, 2022
COIN
Thousands of users are reporting a major #Bitcoin crash on Robinhood. Prices have mysteriously tanked nearly -$5,000 in a matter of seconds. pic.twitter.com/2ugsGmX8hT— Mr. Whale (@CryptoWhale) February 25, 2022
TWTR
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.
Okay - I can confirm that this is a display issue. Basically old data being erroneously presented to users.Not tied to issues with their liquidity providers.
— Frank Chaparro (@fintechfrank) February 25, 2022
Some users also reported they had noticed a similar price glitch with Ethereum (CRYPTO: ETH) on Robinhood.
This is how the $ETH chart looked yesterday. I think we might have uncovered a glitch in the Matrix. pic.twitter.com/rbW4PDaBvn— Awawat (@Awawat_Trades) February 25, 2022
Price Action: Robinhood shares traded 0.087% lower during the pre-market session on Friday.
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