Retail trading platform Robinhood said early Tuesday that its platforms are live again, after its customers missed on a majority of the trading session on Monday.

What Happened

According to the status page on the Robinhood website, only cryptocurrency trading was operational, as both equities and options trading continues to suffer the outage. At press time, all trading across platforms is currently "operational," per the status page.

Why It Matters

A Robinhood spokesperson told TechCrunch that they started experiencing downtime issues across platforms on Monday "morning at market open."

The platform failed at a volatile time for trading. Dow Jones gained 1,294 points on Monday, the highest in history, at 26,703.32. Nasdaq surged 4.5% at 8,952.17 and S&P 500 index jumped 4.6% at 3,090.23.

The markets were recovering from a week of continued losses over the rise of COVID-19 cases in the United States and other countries, even as they seemed to slow down in mainland China. The Federal Reserve on Friday suggested rate cuts to help revive the economy, instilling a fresh wave of optimism in the market.

"It's frustrating. You're just sitting there, stuck on the sidelines," Detroit-based trader Vivek Sevak told CNBC. "I had to watch those ETF prices go down and just eat the losses."

Photo Credit: Robinhood.com