DOGE Cost Averaging: Robinhood rolls out fee-free recurring crypto buy feature
Retail crypto traders on Robinhood can now set up commission-free recurring investments in multiple crypto assets on a daily, weekly, bi-weekly or monthly basis. Retail trading platform Robinhood has rolled out a new recurring crypto investment feature for users who want to dollar cost average (DCA) into a coin. Given DOGE accounts for 62% of Robinhood’s crypto services revenue, the move could result in a steady stream of small buyers for the memecoin.The firm announced the launch of the new feature on Sept. 8, and users are able to set up up recurring investments in multiple crypto assets....
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On Wednesday, the stock and cryptocurrency trading platform Robinhood rolled out recurring crypto investments and now customers can purchase as little as $1 in crypto commission-free daily, weekly, biweekly, or monthly. The company’s announcement discusses the strategy of investment called dollar-cost averaging “in order to help smooth out the price swings.”
Robinhood Rolls Out Recurring Crypto Purchases
The investment platform Robinhood (Nasdaq: HOOD) is now providing customers with the ability to purchase crypto assets in a recurring fashion. This means....
The company did not specify which tokens the digital wallet would support, but the app currently provides commission-free trading for BTC, ETH, LTC, BCH, BSV, DOGE, and ETC. Trading app Robinhood has opened up a waitlist to test a crypto wallet for users to hold their tokens.According to a Wednesday blog post, in October Robinhood plans to start testing a digital wallet feature on its app that enables users to send and receive cryptocurrencies. The move may encourage more Robinhood users to use the app for crypto trading, as it currently only allows them to buy crypto with U.S. dollars and....
On Wednesday Robinhood announced the launch of dollar cost averaging (DCA) for its Bitcoin derivative product.
“We’ve been doing a lot of work behind the scenes to provide our crypto customers with the functionality that they’ve been asking for,” said Robinhood CEO Vlad Tenev. Stock and cryptocurrency trading app Robinhood is reportedly exploring a way for users to be better protected from volatile crypto prices. According to a Tuesday Bloomberg report, the trading app is working on a feature called “price volatility protection,” which would modify certain crypto orders depending on fluctuations in price. A message in the feature’s code says Robinhood “may sometimes skip your recurring orders or....
The crypto wallet will not support Ethereum-based services like nonfungible tokens and ERC-20 tokens. Cryptocurrency and stock trading app Robinhood will roll out its digital wallet feature for 2 million additional users.In a Thursday announcement at the Bitcoin 2022 Conference in Miami, Robinhood chief product officer Aparna Chennapragada said eligible customers who had been on the waitlist for the digital wallet — more than two million people — can now send and receive cryptocurrencies. In addition, the platform is planning to integrate the Bitcoin Lightning Network to reduce the time....