Why Is Robinhood Stopping Dogecoin

Last Updated on February 19, 2023 by Paganoto

Robinhood restricts crypto trading as bitcoin, dogecoin surge

Users reported that the trading app had halted instant deposits for crypto purchases on Friday. Robinhood confirmed the move, saying it was switching off instant deposits “due to extraordinary market conditions.” The move comes after dogecoin, a digital coin based on the popular “doge” meme, spiked as much as 800%.Jan 29, 2021

Robinhood restricts crypto trading as Dogecoin soars 300 …

Robinhood has started restricting cryptocurrency trading. The move follows Dogecoin’s 400 percent rise over the past 24 hours, as Robinhood …

Robinhood Loses Out With Dogecoin in the Doghouse – WSJ

Trading app’s revenue was dented by pullback in cryptocurrency trading, raising questions about the platform’s staying power.

Robinhood Denies Restricting Dogecoin Trading – Newsweek

Robinhood, the stock trading app, has denied placing restrictions on Dogecoin trades after some users reported seeing pending message …

Dogecoin briefly broke Robinhood's crypto trading systems

In late January, Robinhood was criticized for temporarily restricting buying of GameStop (GME) and other “meme stocks” during a Reddit-fueled …

Robinhood's Fate Now Rests With Dogecoin – The Motley Fool

Commission-free stock trading platform Robinhood Markets (HOOD … Robinhood’s largest source of revenue stopped being transactions in …

Buy Dogecoin – DOGE Price Today, Live Charts and News

Dogecoin News More than $600 million was liquidated from crypto markets on Friday as Bitcoin BTC/USD, Ethereum ETH/USD and Dogecoin DOGE/USD shed over 10% of …

Robinhood Profited Off Dogecoin in 2021, Unsure About …

“If demand for transactions in Dogecoin declines and is not replaced by new demand for other cryptocurrencies available for trading on our …

Robinhood Went Down Yet Again, This Time Due to Dogecoin …

Robinhood confirmed on Twitter that the partial outage ended after about an hour and a half, during which users were unable to buy or sell Dogecoin as the …

Robinhood goes bust right as Dogecoin goes boom – Fortune

At the time, the company blamed “unprecedented load” for the problems. Customers were outraged at not being able to take advantage of the …

Paganoto

Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.