Robinhood Markets (Nasdaq: HOOD) users reported a major outage affecting the website on Oct. 6 as the stock market opened after Bitcoin reaching a new record high over the weekend.
An American electronic trading exchange, Robinhood offers the trading of stocks, funds, cryptocurrencies, etc. Its launch of tokenized stocks in late June invited both media attention and growing scrutiny.
Related: What is Crypto? Cryptocurrency explained
The outage on the platform is affecting logins and trading amid high trading activity and volatility.
Popular crypto account on X, @SexyStockSlayer, underlined that Robinhood is facing an outage at market open. Another user, who goes by the handle @iewney, shared that the Robinhood website is down.
Another X user, who goes by the handle @kiantrades, wrote ,
"Robinhood seems broken for everyone."
The outage on the trading exchange has caused massive panic and widespread panic amid the crypto community.
Users on the Reddit sub, r/wallstreetbets, also complained of the trouble at the website.
Robinhood acknowledged the outage and said that it is working to fix it as quickly as we can.
Notably, the company's stock got added to the exclusive S&P 500 index after the rebalance — which Michael Saylor's Strategy (Nasdaq: MSTR) failed to make it to — on Sep. 5.
The HOOD stock fell 0.75% amidst the outage as the stock market opened after the weekend on Oct. 6. The stock, which closed at $148.67 on Oct. 3, was trading at $147.56 at press time.
The development comes only a day after Bitcoin hit a new record high of $125,559.21 on Oct. 5. The total crypto market cap stood at $4.27 trillion at the time of writing.
This story was originally reported by TheStreet on Oct 6, 2025, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.
