In an effort to promote long-term cryptocurrency holdings, popular digital asset investment app Robinhood said it has launched a Dollar-Cost Average (DCA) feature for investors.
Promoting Long-term Crypto Investments
The service, termed Crypto Recurring Investments, will enable Robinhood users to automatically schedule purchases of their favorite cryptocurrencies in bits and at regular intervals.
Announcing the new feature in a recent blog post, the trading platform disclosed that users can automatically schedule to regularly buy any crypto on their account for as low as $1 on a daily, weekly, bi-weekly, or monthly basis.
“Our mission is to democratize finance for all. No matter what your goal is – grow your crypto portfolio, become a whole coiner, create a long-term investment plan – recurring investments can help you get there with less stress and hassle,” Robinhood said in the statement.
Although the company did not state which cryptocurrency will be incorporated into the se
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