Robinhood Now Limits Crypto Trading Too
Popular trading app Robinhood confirmed that it is now limiting crypto trading due to “extraordinary market conditions.”
“Due to extraordinary market conditions, we’ve temporarily turned off Instant buying power for crypto. Customers can still use settled funds to buy crypto,” Robinhood spokesperson told CNBC, adding that they’ll “keep monitoring market conditions and communicating with our customers.”
Robinhood reportedly has around 13m users.
The app supports bitcoin (BTC), bitcoin cash (BCH), bitcoin SV (BSV), dogecoin (DOGE), ethereum (ETH), ethereum classic (ETC), and litecoin (LTC).
As reported, BTC rallied today as the world’s richest person Elon Musk endorsed the most popular cryptocurrency. Also, DOGE skyrocketed by almost 280% today.
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Learn more:
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- Ripple Former CTO Says XRP Could Flip Bitcoin Through an 18x Surge
- XRP Price Prediction: Bearish Futures Data Casts Doubt on XRP’s Recovery
- Bitcoin News: Bond Stress and Regulation Shape Armstrong’s $400K BTC Prediction
- XRP Price Needs a $1.50 Breakout Ahead of CLARITY Act Vote
- XRP News: Trump $5,000 Midterm Dividend Could Benefit Ripple
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