How does Robinhood cash sweep affect the profitability of cryptocurrency investments?

1 answers

• urpinboyOct 02, 2023 · 2 years ago
  As an expert in the cryptocurrency industry, I can say that Robinhood cash sweep can affect the profitability of cryptocurrency investments. While it provides the opportunity to earn interest on uninvested cash, the interest rates offered by program banks may not be as high as what you could potentially earn through other investment options. Additionally, the time it takes for the cash to be swept and invested can impact your ability to react quickly to market changes. It's important to carefully consider these factors and evaluate whether the benefits of cash sweep outweigh any potential drawbacks for your specific investment strategy.
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