Trading platform Robinhood has reduced the minimum order size of Dogecoin from 10 DOGE to 1 DOGE, according to its latest announcement.
The move is expected to make it easier for the retail crowd to invest in cryptocurrency.
At the time of writing, the joke cryptocurrency is trading at $ 0.36. DOGE hit an all-time high of $ 0.45 last week. The coin has been lagging behind its $ 1 Doge Day target so far, but the move that triggered the rally continues to be featured in the mainstream media.
Robinhood reduced the minimum order size for Bitcoin and Ethereum to 0.000001 BTC and 0.0001 ETH, respectively, with the exception of Dogecoin.
It is known that RobinHood does not charge commission for the cryptocurrency exchange service. The company is the main reason behind this; He said that it is to attract new generation crypto money investors to other traditional investment instruments such as stocks and futures contracts. In addition, Robinhood reported on April 8 that it reached 9.5 million cryptocurrency customers by the end of the first quarter of 2021.