DOGE Cost Averaging: Robinhood rolls out fee-free recurring crypto buy feature
Retail crypto traders on Robinhood can now set up commission-free recurring investments in multiple crypto assets on a daily, weekly, bi-weekly or monthly basis. Retail trading platform Robinhood has rolled out a new recurring crypto investment feature for users who want to dollar cost average (DCA) into a coin. Given DOGE accounts for 62% of Robinhood’s crypto services revenue, the move could result in a steady stream of small buyers for the memecoin.
The firm announced the launch of the new feature on Sept. 8, and users are able to set up up recurring investments in multiple crypto assets on a daily, weekly, bi-weekly or monthly basis. The minimum purchase amount is $1, with the firm is promoting the feature as a simple way to DCA into crypto markets without paying fees.
“If you place an order and spend $100 to buy Bitcoin, you’ll get $100 worth of Bitcoin. Period,” Robinhood stated.
According to the platform’s website, recurring crypto orders will usually be processed between 2:30 pm and 4:00 pm ET (6:30 pm to 8:00 pm UTC). Robinhood also states that users may receive less crypto than their set purchase amount during times of market volatility, however the difference will be refunded in fiat after the trade is completed.
Thhe service is currently unavailable to New York-based customers. Crypto-based retail trading has surged in popularity on the platform in 2021. According to Robinhood’s Q2 report, crypto trading services generated $233 million in the quarter and represented 41% of its total $565 million revenue. In comparison, the firm generated a total of $5 million in revenue from crypto trading for the entirety of 2020.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 90.4% | 12 | $27 138.42 | 0.67% | 1.42% | $526 244 858 811 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 94.4% | 5 | $1 905.16 | 1.78% | 3.91% | $229 081 653 780 |  |
|
| 3 |  USDT |
Tether predictions | 94% | 1 | $1.000098 | 0.01% | -0.03% | $83 257 842 516 |  |
|
| 4 |  BNB |
Binance Coin predictions | 91.6% | 2 | $307.40 | 0.66% | 0.16% | $47 910 801 205 |  |
|
| 5 |  USDC |
USD Coin predictions | 91.2% | 1 | $0.999845 | 0% | -0.03% | $28 941 949 857 |  |
|
| 6 |  XRP |
XRP predictions | 76% | 40 | $0.523096 | 2.89% | 12.38% | $27 192 303 394 |  |
|
| 7 |  ADA |
Cardano predictions | 91.6% | 7 | $0.377941 | 3.19% | 3.22% | $13 185 243 857 |  |
|
| 8 |  STETH |
Lido stETH predictions | 90.8% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 88.8% | 14 | $0.072236 | 0.21% | 1.81% | $10 084 312 379 |  |
|
| 10 |  SOL |
Solana predictions | 84.4% | 27 | $21.22 | 2.15% | 9.04% | $8 419 052 407 |  |
|
| 11 |  MATIC |
Polygon predictions | 80.8% | 31 | $0.894287 | -0.09% | -3.20% | $8 298 503 979 |  |
|
| 12 |  WTRX |
Wrapped TRON predictions | 80.4% | 34 | $0.076440 | 1.73% | 0.15% | $7 772 125 964 |  |
|
| 13 |  TRX |
TRON predictions | 83.6% | 33 | $0.076681 | 2.03% | 0.46% | $6 916 960 123 |  |
|
| 14 |  LTC |
Litecoin predictions | 76.4% | 38 | $94.53 | -0.68% | 7.94% | $6 905 969 709 |  |
|
| 15 |  DOT |
Polkadot predictions | 92.4% | 8 | $5.24 | -0.11% | -0.32% | $6 266 962 796 |  |
