Crypto Recurring Investments Goes Live on Robinhood

US-based online broker Robinhood Wednesday launched a new feature—crypto recurring investments, an option to set up automatic purchases in clients' account.

Investors can regularly buy their favorite coins, commission-free and with as little as $1 on a daily, weekly, biweekly, or monthly schedule of their choice.

Investing on a recurring basis can help investors focus on long-term growth, reduce risk, and reduce the stress of timing the markets. Moreover, they can set recurring investments across multiple coins without ever incurring a fee. 

​As Fazzaco reported earlier, Robinhood has released its financial results for Q2 2021​, ending on June 30, which disclosed that its total net revenues enjoyed a YoY increase of 131%, reaching $565 million, compared with $244 million in the second quarter of 2020.