The technical problems come amid the market’s attempt at a rebound on Monday from the worst week for stocks since the financial crisis. Robinhood says in February, it executed over 36m trades and peaked at 2m trades in a single day more than double its average last year.
“We’re experiencing downtime, and are working to resolve this as quickly as possible,” a Robinhood spokesperson told CNBC. The company’s twitter account devoted to client help also addressed the outage. “Our system is experiencing downtime issues that are affecting all functionalities on our platform. We are aware of the issue and are working to have all systems up and running as soon as we can. We’re so sorry this is happening!,” the tweet said.