Robinhood was hit with trading issues on Thursday

Robinhood was hit with trading issues on Thursday
Baiju Bhatt (left) and Vlad Tenev, cofounders and co-CEOs of Robinhood.Getty Images
  • Robinhood, the free stock-trading platform, experienced trading issues Thursday.

  • The company said it was investigating problems with trading stocks, cryptocurrencies, and options contracts, as well as bank transfers. Within an hour, the problems were resolved.

  • "This morning, customers may have experienced issues with some of our services. We've resolved the issue and our services, including trading, are now fully operational," the company told Business Insider.
  • The app has become wildly popular in recent months with many people working from home while markets see record volatility. A lack of sports betting thanks to the coronavirus may also have helped fuel some recent popularity.

  • Earlier in the pandemic, Robinhood experienced similar issues multiple times causing some traders to miss out on stock rallies.