Robinhood stated on Thursday night that it was experiencing points executing customers’ cryptocurrency trades however had “absolutely restored” buying and selling by midnight Thursday.
“Replace: Crypto buying and selling is now absolutely restored. Like others, we have been experiencing unprecedented demand for Robinhood Crypto companies, which created points with crypto buying and selling. We have resolved the difficulty and apologize for the inconvenience,” it tweeted.
Service began faltering round 10 p.m. Jap Time.
The technical difficulties got here because the cryptocurrency Dogecoin’s value has soared in current days, prompting outrage from customers hoping to money in on the rally. Dogecoin’s worth has skyrocketed greater than 230% over the previous three days, rising its whole market worth to greater than $34 billion.
“No, we did not place restrictions on $DOGE buying and selling. That is false data,” Robinhood tweeted earlier in response to customers alleging on social media that the corporate had restricted buying and selling of the cryptocurrency.
Robinhood has come beneath hearth from customers and regulators beforehand over points with its buying and selling platform throughout main market occasions.
In January, Robinhood blocked purchases of GameStop, AMC, and different shares after days of Reddit-fueled rallies. The corporate has since been subpoenaed as a part of a federal investigation and is facing a class-action lawsuit from customers.
In March, Robinhood experienced major outages two days in a row, once more drawing outrage from customers who have been locked out of buying and selling as markets had their greatest rally in years.