Robinhood pauses instant buying of crypto currencies amid volatility
Online broker Robinhood, which was criticized by customers after pausing trading in some hot stocks on Thursday, said it had temporarily disabled a feature on its app that allows users to buy crypto securities instantly.
Online broker Robinhood, which was criticized by customers after pausing trading in some hot stocks on Thursday, said it had temporarily disabled a feature on its app that allows users to buy crypto securities instantly.
"Due to extraordinary market conditions, we`ve temporarily turned off Instant buying power for crypto. Customers can still use settled funds to buy crypto. We`ll keep monitoring market conditions and communicating with our customers," a Robinhood spokeswoman said on Friday.
See Zee Business Live TV Streaming Below:
Through the "Instant Buying" feature on Robinhood, customers have instant access to funds from bank deposits and proceeds from stock transactions. Instant Buying is a paid feature that allows users to instantly settle transactions.
The story has been taken from a news agency
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.