How does Robin Hood Cash Sweep work with digital currencies?

3 answers

• Feb 18, 2022 · 3 years ago
  Robin Hood Cash Sweep is a feature offered by the popular investment app Robin Hood. It allows users to automatically invest any uninvested cash in their account into a selection of digital currencies. This means that instead of leaving your cash sitting idle, it can be put to work and potentially earn a return through the appreciation of digital currencies. It's a convenient way to make your money work for you in the crypto market.
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• Feb 18, 2022 · 3 years ago
  With Robin Hood Cash Sweep, you don't need to manually invest your uninvested cash into digital currencies. The platform takes care of it for you, automatically allocating your cash to a diversified portfolio of digital assets. This can help you take advantage of potential gains in the crypto market without the need for active management. It's a hassle-free way to participate in the digital currency space.
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• Feb 18, 2022 · 3 years ago
  BYDFi, a digital currency exchange, also offers a similar cash sweep program. With BYDFi Cash Sweep, any uninvested cash in your account is automatically swept into a selection of digital currencies, providing you with the opportunity to earn a return on your idle funds. It's a convenient feature that helps you maximize the potential of your cash holdings in the crypto market.
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