Robinhood Halts 24/7 Trading Feature Amidst Criticism
CryptoNewsTerminal Staff05 Aug, 2024
Robinhood Halts 24/7 Trading Feature Amidst Criticism
Robinhood, the popular stock and cryptocurrency trading platform, has announced the suspension of its 24/7 trading feature. This service allowed users to trade select stocks and ETFs outside regular market hours. The move comes amid scrutiny and concerns regarding the potential risks associated with extended trading. According to industry experts, the halt is likely a response to concerns raised by regulators and market analysts. The 24/7 trading feature was introduced in 2021 and has faced criticism for its impact on market volatility and the potential for manipulation. Robinhood has stated that the suspension is temporary and intends to re-introduce the feature after addressing the concerns and implementing necessary safeguards. The company remains committed to providing innovative trading services while ensuring the protection of its users and the stability of the financial markets.
