Robinhood down: App struggling with cryptocurrency trading issues as Dogecoin booms

POPULAR trading app Robinhood is struggling to keep up with surging demand for cryptocurrencies.

The platform is used to buy and sell bitcoin, dogecoin and stocks and shares.

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On the tech company's status page it said: "We are experiencing issues with crypto trading. We are working to resolve this as soon as possible."

The company also shared the issue message on Twitter, where many bitcoin and crypto investors are active.

Furious traders took to Twitter to complain about the issue, which has happened as the price of Dogecoin rocketed.

One user said: "There it is again! Robinhood limiting buy and sell orders during a surge!"

Another said: "Literally every time with you guys".

Annoyed users have been sharing images of an error message they get on the app.

According to Down Detector, a website which monitors outages, users started reporting the issue at around 3pm UK time.

Robinhood restricted crypto trading back in January after a massive spike in trading, due to "extraordinary market conditions".

Dogecoin, a cryptocurrency that has gained in popularity in recent months but initially started as a joke, hit a record high today.

In February another crypto trading platform eToro crashed leaving investors unable to sell their holdings.

Robinhood is available in the US and shot to popularity among amateur investors this year.

Downloads of stock trading apps increased after an amateur trading group on Reddit sent shares of some companies soaring.

Users in a subreddit called WallStreetBets came together to push up GameStop's shares so hedge funds would lose money.

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