Robinhood Reduced Dogecoin Order Size

Robinhood lowered the Dogecoin order size. On the platform, Dogecoin's order size has been changed from 10 DOGE to 1 DOGE.

Robinhood, one of the leading trading platforms, has reduced the minimum Dogecoin order size from 10 DOGE to 1 DOGE, according to its latest announcement. This move is predicted to make it easier for the retail crowd to invest in cryptocurrency. Dogecoin, which was traded at $ 0.26 at the time of writing, was traded at an all-time high of $ 0.45 last week. Dogecoin, which has shaken the crypto market with its recent rise, is still behind its goal of $ 1 Doge Day for now, but still finds its place in the mainstream media. Robinhood also reduced the minimum order size for Bitcoin and Ethereum to 0.000001 BTC and 0.0001 ETH, respectively. It is known that RobinHood does not charge commission for its cryptocurrency exchange service. The company explained that the main reason for this is to attract new generation cryptocurrency investors to other traditional investment instruments such as stocks and futures contracts. In addition, Robinhood announced on April 8 that it has reached 9.5 million cryptocurrency customers by the end of the first quarter of 2021.