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17 September 2021

Robinhood Launches Recurring Crypto Buy Feature to 'Help Smooth Out Price Swings' – Exchanges Bitcoin News

Robinhood Launches Recurring Crypto Buy Feature to 'Help Smooth Out Price Swings' – Exchanges Bitcoin News


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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 investment platform Robinhood (Nasdaq: HOOD) is now providing customers with the ability to purchase crypto assets in a recurring fashion.

“Today we’re rolling out crypto recurring investments, a new feature that allows you to regularly buy your favorite coins, commission-free and with as little as $1 on a daily, weekly, biweekly, or monthly schedule of your choice,” Robinhood’s announcement notes.

Robinhood’s announcement insists that its competitors are charging 4% for every crypto trade and the company’s “mission is to democratize finance for all.” “Fees on other platforms are higher for smaller recurring purchases than they are for a single large one,” Robinhood’s announcement stresses.

What do you think about Robinhood adding the recurring crypto purchase feature to the trading platform.

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