Robinhood Resolves Trading Issues Followed By Dogecoin Bull Run.
2021-04-16 | Big Bob
Renowned online brokerage app Robinhood outlined that
it's resolved an outage that prevented its users from completing trades as they attempted
to urge in on the recent Dogecoin [
DOGE, +113.23%] bull rally.
Robinhood
tweeted earlier today on Friday that “
cryptocurrency trading is completely restored” after “unprecedented demand” for its services created issues executing orders for several hours late earlier on Thursday night and into Friday morning.
The company had
acknowledged that orders were displayed as “pending” for long periods. The demand appears
to possess been led by users looking
to purchase dogecoin which over doubled in price
within the last 24 hours to hit an all-time high of $0.29 USD.
DOGE has pulled back subsequently and is sitting at $0.27 USD, at the reporting time.
Robinhood
denied the suggestion that
it had been limiting dogecoin trading, tweeting that this was “false information” been circulated.
The online brokerage app has seen a surge in customer sign-ups
thus far this year with CEO Vlad Tenev
speaking of the challenge in
responding to the present to make sure that its system remains stable and vulnerable to the bull demand.
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