Log in

News

Robinhood suspends trades in Gamestop shares after a massive surge

Updated: Jul 25, 2024
Published: Jan 28, 2021
0
Share:

Retail brokerages have suspended the trading of Gamestop shares after soaring more than 400% in the past week.

Post Feature Image

The suspension extended to other stocks which caused big losses for hedge funds.

Robinhood restricts Gamestops shares

Free stock trading pioneer Robinhood and Interactive Broker are restricting users to only sell their open new positions but not open new ones. They have also gone on to raise margin requirements on other stocks.

We continuously monitor the markets and make changes where necessary,” said Robinhood in a statement.

“In light of recent volatility, we are restricting transactions for certain securities to position closing only, including $AAL, $AMC, $BB, $BBBY, $CTRM, $EXPR, $GME, $KOSS, $NAKD, $NOK, $SNDL, $TR, and $TRVG. We also raised margin requirements for certain securities,” the trading platform added.

Gamestop shares rose more than 400% this week and over 1,700% this year mainly due to retail investors in Reddit chatrooms, and left institutions in the red.

Users not impressed

The decision taken by brokerage firms to suspend trading Gamestop shares outraged users who felt that Robinhood was protecting Wall Street from losses.

However, this is a complete departure from the cryptocurrency market where decentralized finance (DeFi) is taking its root.

The cryptocurrency market has seen wild swings in asset prices but exchanges have not taken such action, save for some moments when exchanges had outages that angered traders.

The DeFi landscape is on a streak with some of the tokens registering double-digit gains in the past 24 hours. Chainlink is up more than 10% and Fantom gained more than 35% in the same period.

Other assets have performed well over a seven-day period with Fantom posting gains of 277%. Alpha Finance Lab (ALPHA) is up 153% in the same period with 1inch enjoying a 94% surge.

Grayscale Aave Trust

Grayscale, one of the largest digital asset management firm, is entering the DeFi space after filing trusts for Aave, Polkadot, and Cosmos.

The asset manager also filed a trust for privacy coin Monero weeks after the digital asset was delisted from Bittrex.

The filings do not indicate that the trusts will be launched but rather, lays down the foundational work for possible launches in the future.

100% Success Money Back Guarantee

If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Terms & Conditions apply

Star

Trusted by 300,000+ traders

Take your next step towards crypto success

Save 50%

$799/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

What’s included in Pro:

  • Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • Our latest memecoins pick with 50X potential

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp

Frequently Asked Questions

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Recommended from Cryptonary
Time Sensitive: The 4x Market-Neutral Trade Everyone’s Missing
PRO
Research Report
Time Sensitive: The 4x Market-Neutr...Opportunities like this are rare in crypto. Most launches are driven by hype or speculation with no ...
11 min read
Oct 27, 2025
BTC, ETH and More: Breakouts Loom on Pennants, Key Levels Ahead
PRO
Market Direction
BTC, ETH and More: Breakouts Loom o...The market is coiling in pennants after the inflation beat. All eyes on major resistance and breakdo...
6 min read
Oct 24, 2025
Update: The Latest on Our Top Meme Pick
PRO
Research Report
Update: The Latest on Our Top Meme ...This coin started as a meme but now it’s a movement. The diamond-hand community continues to grow, c...
12 min read
Oct 24, 2025