Commission-free trading platform Robinhood is rolling out a new crypto investment feature that lets customers make recurring purchases on a daily, weekly, and monthly basis for as little as $1.
<h2><strong>Crypto Recurring Investment Comes to Robinhood</strong></h2>
While recurring investment is common in the world of traditional stock trading as a hedge against market swings, crypto too will get its own dollar-cost averaging via Robinhood’s new investment feature.

The ability for investors to buy small amounts of cryptocurrencies is particularly useful in terms of the volatile crypto market. Newbies intimidated by the wild swings of crypto will find Robinhood’s new crypto recurring investment the most appealing, <a href="https://www.finextra.com/pressarticle/89210/robinhood-rolls-out-crypto-recurring-investments" target="_blank" rel="nofollow noopener">according</a> to the brokerage platform.
<blockquote><em>"Dollar-cost averaging encourages investing money gradually at regular intervals, rather than all at once and regardless of where market prices stand, in order to help smooth out the price swings that can sometimes occur," </em>the announcement statement reads.</blockquote>
The latest feature will have no fees or commission in contrast to other <a href="https://www.cryptoknowmics.com/news/coinbase-ceo-responds-to-sec-threats-on-yield-generating-product/">crypto platforms Coinbase</a> and <a href="https://www.cryptoknowmics.com/news/brett-harrison-of-ftx-us-wants-the-company-to-be-the-next-robinhood/">FTX.US</a> that charges up to 4% per transaction.

While the crypto service doesn’t come completely free, the platform makes money by obtaining rebates when it passes along bulk orders to crypto liquidity providers. Robinhood clarifies that this system is more beneficial for consumers as it obtains far better value in comparison to fee-based platforms.
<h2><strong>Robinhood Revenue Surges on Crypto Trades</strong></h2>
As of now, the feature isn’t available for users in New York. The trading platform says that the new feature is “gradually” rolled out from today and will be made available to users within a month.

Robinhood’s latest feature comes at a time the platform sees rapid sign-ups from crypto investors. For instance, in its latest earnings call, the company revealed that its transaction-based revenue increased 4,282% from Q2 of 2020 to Q2 of 2021.

The company also hinted at a further expansion of its<a href="https://www.cryptoknowmics.com/news/robinhood-anticipates-retail-trading-to-slowdown-in-the-third-quarter/"> crypto business</a> including plans to add more cryptocurrencies in addition to the seven coins it offers now with the anticipated launch of a crypto-based wallet.

Robinhood Announces New Crypto Recurring Investment Feature

Commission-free trading platform Robinhood is rolling out a new crypto investment feature that lets customers make recurring purchases for as little as $1.

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

Robinhood Announces New Crypto Recurring Investment Feature

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