Ask a new investor to cryptocurrency how it’s different from trading stocks, and they’ll probably tell you about volatility. Bitcoin, for example, went from $30,000 to above $40,000 in less than a week.
Robinhood, the stock and crypto investment app, is reportedly working on a solution to this problem for its customers: stop them from buying.
According to a report today from Bloomberg, hidden code with a Robinhood iPhone test app shows a new trading feature named “price volatility protection.”
“To protect your orders against price volatility, we may sometimes skip your recurring orders or buy less than your chosen amount,” a message within the code says, according to Bloomberg.
In other words, if the price goes too high too quickly, Robinhood Crypto could override the order so you don’t get screwed.
Robinhood declined to comment to Decrypt on the veracity of the report and whether such a feature would be optional.
Robinhood is a centralized trading platform, meaning it uses its ow
Źródło: https://decrypt.co/77026/robinhood-tackle-crypto-volatility-overriding-some-trades-report
