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Cryptocurrencies: 30101
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Cryptocurrencies: 30101
Markets: 114086
Market Cap: $2,880,264,357,354     
24h Vol: $100,546,903,502
Seeking Alpha 2021-01-29 12:55:41

Robinhood resumes limited buys of squeeze stocks, limits crypto trading

Robinhood resumes limited buys of squeeze stocks, limits crypto trading
Robinhood is allowing customers to add a limited number of shares to long positions of stocks it restricted trading in yesterday, although buyers won't be able to add fractional shares.It is also restricting crypto trading "due to extraordinary market conditions."Bitcoin (BTC-USD) shot up to $37K on a boost from Elon Musk."You can now make limited whole share buys of of the securities that were temporarily position closing only," Robinhood told users in an alert."You can still sell or close fractional positions, cut you can't currently open new fractional positions. If you have an recurring investments in these securities, they will be paused until the limitations are lifted."Robinhood also limited the amount of shares or options that can be added. Users will be able to add only 5 shares of GameStop, 25 shares of Koss and 115 shares of AMC, for example.Robinhood CEO Vlad Tenev hit the airways late yesterday to
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