{"id":166041,"date":"2021-01-29T16:57:02","date_gmt":"2021-01-29T13:57:02","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/robinhood-suspends-instant-deposits-for-crypto-purchases-over-doge-spike\/"},"modified":"2021-01-29T16:57:02","modified_gmt":"2021-01-29T13:57:02","slug":"robinhood-suspends-instant-deposits-for-crypto-purchases-over-doge-spike","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/robinhood-suspends-instant-deposits-for-crypto-purchases-over-doge-spike\/","title":{"rendered":"# Robinhood suspends instant deposits for crypto purchases over DOGE spike"},"content":{"rendered":"<p>&#8220;<strong># Robinhood suspends instant deposits for crypto purchases over DOGE spike <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDEvNDA0MjM3YzctYmY2NC00NDYzLWFlNzctODU4ZTZiZjk2NDY4LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Stock and cryptocurrency-trading platform Robinhood has temporarily disabled instant deposits for cryptocurrency purchases as of Jan. 29, citing &#8220;extraordinary market conditions.&#8221;<\/p>\n<p>Users are still able to buy cryptocurrency using settled funds that have previously been deposited, although such deposits can take up to five business days to clear.<\/p>\n<p>A Robinhood spokesperson <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2021\/01\/29\/robinhood-restricts-crypto-trading-as-bitcoin-dogecoin-surge.html\">told<\/a> CNBC that the company would &#8220;keep monitoring market conditions and communicating with our customers.<\/p>\n<p>Robinhood has faced recent criticism for suspending trading in a number of traditional stocks, including <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">Game<\/a>Stop, which were being supported by retail investors to the detriment of Wall Street hedge funds.<\/p>\n<p>The suspension of instant buying power for crypto through the trading <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a> comes hot on the heels of the same group of retail investors, led by <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Reddit<\/a>ors from the r\/WallStreetBets subreddit, pumping Dogecoin (DOGE) to surge 900%.<\/p>\n<p>This has led to the meme-based coin re-entering the top ten digital assets by market cap for the first time since 2015.<\/p>\n<p>Meanwhile, Bitcoin (BTC) has also been pumping, gaining $5,000 in a matter of minutes, following Elon Musk changing his Twitter bio to simply \u201c#bitcoin.\u201d<\/p>\n<p><em>This story is developing and will be updated as more details emerge.\u00a0<\/em><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/robinhood-suspends-instant-deposits-for-crypto-purchases-over-doge-spike\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Robinhood suspends instant deposits for crypto purchases over DOGE spike &#8221; Stock and cryptocurrency-trading platform Robinhood has temporarily disabled instant deposits for cryptocurrency purchases as of Jan. 29, citing &#8220;extraordinary market conditions.&#8221; Users are still able to buy cryptocurrency using settled funds that have previously been deposited, although such deposits can take up to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":166042,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDEvNDA0MjM3YzctYmY2NC00NDYzLWFlNzctODU4ZTZiZjk2NDY4LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,86706,117,71407],"class_list":["post-166041","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-robinhood","tag-business","tag-trading"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/166041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=166041"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/166041\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/166042"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=166041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=166041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=166041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}