Robinhood launches holiday event, offering $500K worth of Dogecoin

Photo by Noah Berger

Robinhood launches holiday event, offering $500K worth of Dogecoin

Robinhood's giveaway highlights the growing influence of digital assets but also underscores the challenges of platform reliability during high-demand events.

Vivian Nguyen

Powered by Gloria

Updated 1:24 p.m. ET

Robinhood, the commission-free trading platform, is giving away $500,000 worth of Dogecoin (DOGE) to users who take part in its Hood Holidays countdown event, which just kicked off tonight.

Apart from DOGE, a meme-inspired token that has grown into one of the most widely recognized digital assets traded, the team also offers prizes such as Rolex watches and Apple AirPods as part of the festive campaign.

However, on the first day of the event, many users stated that they experienced glitches in the Robinhood app that stopped them from claiming rewards during the five-minute window. Some reported waiting ahead of time, but were shown a blank screen and later told they had missed rewards.

Robinhood has yet to respond to user complaints.

Robinhood launches holiday event, offering $500K worth of Dogecoin

Robinhood launches holiday event, offering $500K worth of Dogecoin

Robinhood's giveaway highlights the growing influence of digital assets but also underscores the challenges of platform reliability during high-demand events.

by Vivian Nguyen | Powered by Gloria

Photo by Noah Berger

Robinhood, the commission-free trading platform, is giving away $500,000 worth of Dogecoin (DOGE) to users who take part in its Hood Holidays countdown event, which just kicked off tonight.

Apart from DOGE, a meme-inspired token that has grown into one of the most widely recognized digital assets traded, the team also offers prizes such as Rolex watches and Apple AirPods as part of the festive campaign.

However, on the first day of the event, many users stated that they experienced glitches in the Robinhood app that stopped them from claiming rewards during the five-minute window. Some reported waiting ahead of time, but were shown a blank screen and later told they had missed rewards.

Robinhood has yet to respond to user complaints.