Robinhood firm will now allow their users to save some cost in trading on Robinhood trading platform in particular time of Interval.
Robinhood is a retail trading platform and now this firm is expanding its business in crypto at a high level to compete with the other existing crypto companies like Coinbase. Right now Robinhood introduces a recurring crypto buy option for small traders.
As per announcement on 8 September, Robinhood users who want dollar cost average (DCA) into a coin, can use the feature of recurring crypto investment.
Also, the firm claimed that they will use 62% of the generated revenue of the Doge account to help the small buyers for namecoin trade.
This feature started at the platform on 8 September, now users can also use this feature for the multiple digital assets with recurring features on a daily, weekly, bi-weekly or monthly basis.
But here users should keep in mind that recurring trading should execute between 2:30 pm and 4:00 pm ET (6:30 pm to 8:00 pm UTC).
This initiative of Robinhood company is only to promote DCA into crypto markets without paying fee for the trading.
“If you place an order and spend $100 to buy Bitcoin, you’ll get $100 worth of Bitcoin. Period”
Right now this feature is not available for the Robinhood users of the NewYork region.
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