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Robinhood Introduces Dollar Cost Averaging For Bitcoin Price Exposure Product
Bitcoin News now admin /

On Wednesday Robinhood announced the launch of dollar cost averaging (DCA) for its Bitcoin derivative product.

The firm claims the new recurring Bitcoin and crypto investment tool has been added to help investors habitually save, but it appears it is also an attempt to encourage DCA to smooth market volatility on the platform, and to win over Bitcoiners with their own language.

Last year Robinhood defined dollar cost averaging: “Investing your money gradually at regular intervals, regardless of where market prices stand, helps smooth out the volatility. The idea is you won’t make as much as you might, but you won’t lose as much as you might either.”