Robinhood said Thursday night that it was having trouble executing users’ cryptocurrencies.
“We are currently experiencing problems with crypto-commerce. We are working to resolve this as soon as possible,” Robinhood tweeted at 22:00 Eastern Time.
Robinhood provides updates on its status page.
The technical problems came when the price of the Dogecoin cryptocurrency rose in recent days causes indignation of users hoping to make money at the rally. Dogecoin’s value has soared by more than 230% over the past three days, raising the total market value to more than $ 34 billion.
“No, we have not placed any restrictions on $ DOGE trading. This is false information,” Robinhood tweeted earlier in response to users claiming on social media that the company had restricted trading in the cryptocurrency.
Robinhood has previously come under fire from users and regulators over issues with its trading platform during major market events.
In January, Robinhood blocked purchases of GameStop, AMC and other shares after days of meetings fueled by Reddit. The company has since been sued as part of a federal investigation and is facing a class action lawsuit from users.
In March, Robinhood experienced major disruptions for two days in a row, and this again provoked outrage from users who were closed out of trade as markets had their biggest rally in years.