Robinhood Trading started limiting cryptocurrency trading this morning when the price of the cryptocurrency, Dogecoin joke, rose above 300 percent within 24 hours. CNBC reported that Robinhood users began to notice that instant deposits for cryptocurrencies were no longer working Friday morning, confirming that the company has restrictions.
"We are temporarily turning off instant buying power for cryptocurrencies," a Robinhood spokesman told CNBC. "Customers can continue to use resident funds to buy cryptocurrencies. We will continue to monitor market conditions and communicate with our customers.
Dogecoin was born in 2013 behind a joke on Twitter - a bitcoin game and doge meme. Its price is rising yesterday, and Dogecoin is now worth more than $ 7 billion, thanks to unparalleled trades in the last 24 hours.
Market activity and restrictions over the past 24 hours have now made Dogecoin a well-liked meme among r / WallStreetBets investors. Dogecoin has been constantly spamming WallStreetBets' Discord server for the past few days.
Bitcoin is also on the move, rising about 20% in the last 24 hours. Tesla CEO Elon Musk has also changed his Twitter profile to include #Bitcoin and tweeted "inevitably remember".
Robinhood's latest cryptographic limitation is less than a day after the company's users decide to buy or restrict the trading of any of the popular Reddit r / WallStreetBets stocks, including GameStop ($ GME), AMC ($ AMC), BlackBerry ($ BB). Take. After a while came the bath and beyond ($ BBBY), Nokia ($ NOK) and more.
This is a step and bypasses many reviews, and Google has been forced to store a star in the Google Play Store after being reviewed by disgruntled apps, removing nearly 100,000 negative reviews. Robinhood Trading said "limited purchases" such as GameStop are now allowed from Friday.
