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Robinhood restores crypto trading again, Coinbase investigates some ID issues

Robinhood restores crypto trading again, Coinbase investigates some ID issues


Seeking Alpha
2021-04-16 15:34:35
Robinhood restores crypto trading again, Coinbase investigates some ID issues

Robinhood (RBNHD) says crypto trading is restored for most customers and it's working to restore service "for everyone as soon as possible," according to its post on Twitter.It's most recent update on its status page, at 8:14 AM Pacific Time said it's still working on fixing the crypto trading issue.It's the second crypto trading outage the fintech app experienced within the past day.In the wee hours of Friday morning, Robinhood said it fixed a problem in executing crypto orders that developed late Thursday amid "unprecedented demand."But by 7:19 AM Pacific Time (10:19 AM ET), Robinhood again reported issues with crypto trading due to heavy volumes.Interest in crypto has surged with the public trading debut of cryptocurrency exchange Coinbase ([[COIN]] +6.1%) on Wednesday.Coinbase, too, is grappling with some issues. It's investigating issues with ID verifications for some customers, according to a Bloomberg headline.Bitcoin falls 1.8% to ~$61.6K, off of its all-time high of just over

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