(Decrypt) Robinhood unveiled a new feature on Wednesday that enables its crypto customers to buy coins daily, weekly, and monthly with as little as $1.
Christine Brown, the COO of Robinhood Crypto, said that the recurring daily purchase feature allows customers to take a long-term approach to the volatile crypto market.
The company also said that the new approach is ideal for new crypto customers who are averse to frequent market crashes.
Robinhood announced that the recurring feature will attract no fees or commission. This is different from other platforms where transaction fees of up to 4% apply.
The company has signaled that it is planning to offer more coins as well as a stand-alone crypto wallet.
Robinhood makes money from rebates it gets when passing bulk orders to cryptocurrency liquidity providers.
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