Robinhood Denies Restricting Dogecoin Trading

Robinhood Denies Restricting Dogecoin Trading

Robinhood, the stock trading app, has denied placing restrictions on Dogecoin trades after some users reported seeing pending message displays when trying to make the cryptocurrency trades.

The Twitter account @Breaking911 tweeted late Thursday: “Robinhood users report that the platform is restricting Dogecoin trades.” The tweet received over 3,000 likes and 1,400 retweets since it was first shared.

In a reply to that post, Robinhood tweeted early Friday: “No, we didn’t place restrictions on $DOGE trading. This is false information.

In a tweet late Thursday, Robinhood stated: “We know some customers may have seen executed crypto orders display as ‘pending’ for an extended period of time. We were experiencing a delay in order status updates—this is now resolved. Check your app for up-to-date information about any recent orders.”

In another tweet Friday, the company stated: “Update: Crypto trading is now fully restored. Like others, we were experiencing unprecedented demand for Robinhood Crypto services, which created issues with crypto trading. We’ve resolved the issue and apologize for the inconvenience.”

The status update page at the Robinhood website currently states: “All systems operational.”

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