Renowned online brokerage app Robinhood outlined that it’s resolved an outage that prevented its users from completing trades as they attempted to urge in on the recent Dogecoin [DOGE, +113.23%] bull rally.
Robinhood tweeted earlier today on Friday that “cryptocurrency trading is completely restored” after “unprecedented demand” for its services created issues executing orders for several hours late earlier on Thursday night and into Friday morning.
The company had acknowledged that orders were displayed as “pending” for long periods. The demand appears to possess been led by users looking to purchase dogecoin which over doubled in price within the last 24 hours to hit an all-time high of $0.29 USD.
DOGE has pulled back subsequently and is sitting at $0.27 USD, at the reporting time.
Robinhood denied the suggestion that it had been limiting dogecoin trading, tweeting that this was “false information” been circulated.
The online brokerage app has seen a surge in customer sign-ups thus far this year with CEO Vlad Tenev speaking of the challenge in responding to the present to make sure that its system remains stable and vulnerable to the bull demand.