Robinhood Denies Restricting Dogecoin Trading, While DOGE Price Skyrockets 140%
Zero-commission trading platform Robinhood denies accusations of restricting Dogecoin (CRYPTO: DOGE) trading.
What Happened: Robinhood has replied to a tweet claiming that the "users report that the platform is restricting Dogecoin trades," saying that it "didn’t place restrictions."
— Robinhood (@RobinhoodApp) April 16, 2021
"This is false information," the tweet stated.
Why It Matters: The accusations follow yesterday's reports that Robinhood's crypto asset trading system saw a major outage which resulted in degraded performance.
CoinMarketCap data reveals that over the last 24 hours, Dogecoin's price increased by 144% from a 24-hour low of $0.13 to its high of nearly $0.32.
Image: Edited Robinhood image
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