Robinhood Has Restored Crypto Trading After ‘Major Outage’

© Bloomberg The Robinhood website home screen on a smartphone arranged in the Brooklyn borough of New York, U.S., on Saturday, Dec. 19, 2020. Robinhood Markets will pay $65 million to settle allegations that it failed to properly inform clients it sold their stock orders to high-frequency traders and other firms, putting a major compliance headache behind the brokerage even as new ones emerge.

(Bloomberg) — Trading app Robinhood experienced issues with its crypto trading, which had a “major outage” late Thursday in the U.S., according to its Twitter feed and website.

“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,” a recent Twitter post said.Robinhood’s website had previously shown a post at 9:49 p.m. Eastern time about the problem, and © Photographer: Gabby Jones/Bloomberg subsequent posts saying “we are continuing to investigate this issue.”All other functions on Robinhood are operational, according to its website.NOTE: On Tuesday, Robinhood also had an issue that affected crypto trading, which was resolved.

Story Link: Robinhood Says Its Crypto Trading Is Having ‘Major Outage’

(Updates with restoration of service.)

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