Share this article
Robinhood Reportedly Testing Feature to Protect Crypto Investors From Volatility
The feature was discovered in the code for a beta test version of Robinhood’s iPhone app.
Updated Sep 14, 2021, 1:31 p.m. Published Jul 27, 2021, 8:59 p.m.
Make us preferred on Google
Zero-fee trading platform Robinhood is working on a new feature that will help protect users from crypto price volatility, according to a report from Bloomberg.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Bloomberg’s report, which was based on iOS developer Steve Moser’s analysis of new code contained in a beta test version of the Robinhood iPhone app, claims Robinhood is developing a new feature called “price volatility protection,” which is aimed at reducing the impact of crypto price volatility on users. According to the report, the code contains a message that reads: “To protect your orders against price volatility, we may sometimes skip your recurring orders or buy less than your chosen amount.”
Read more: Robinhood Under Investigation for Finra Registration Violation
A Robinhood spokeswoman declined to explain or comment on the potential new feature.
Robinhood is also testing an option called “round up investments” that will allow users to purchase specific stocks with “spare change.” Whether this money will come from rounded-up debit and credit card purchases as done by competitors like Acorn is unclear.
Robinhood, which is going public this week, struggled with partial outages during the dogecoin spike in May, leading to criticism and a loss of confidence from its user base as well as regulators.
Crypto has become an increasingly important part of Robinhood’s business model, with approximately 17% of its Q1 revenue coming from crypto transactions, up from 3% in Q1 of last year.
In a virtual roadshow for investors last week, Robinhood CEO Vlad Tenev said that expanding and improving the company’s crypto offerings and the app’s security, for which Robinhood was recently fined, is a priority.
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
BTC, ETH, SOL move higher as markets eye Fed, Mag 7 earnings and weaker dollar
Crypto prices steadied as traders looked past short-term volatility with positioning shifting to the Fed, megacap earnings and a weakening dollar.
What to know:
- Bitcoin hovered just below $89,000 in Asian trading, posting modest gains in a narrow range as traders awaited a key Federal Reserve decision.
- A weaker U.S. dollar and record-setting global equity markets, led by technology shares and AI optimism, have supported risk assets but crypto has lagged metals like gold and silver.
- Analysts say bitcoin's rebound from the $86,000–$87,000 zone reflects reduced leverage and short-term stabilization rather than strong momentum as markets brace for Fed guidance and major tech earnings.
Top Stories
