The stock and cryptocurrency trading app Robinhood is reportedly exploring a mode for users to be ameliorate protected from volatile crypto prices.

Co-ordinate to a Tuesday Bloomberg written report, the trading app is working on a feature called "price volatility protection," which would modify certain crypto orders depending on fluctuations in price. A bulletin in the characteristic's code says Robinhood "may sometimes skip your recurring orders or buy less than your chosen amount" to protect trades from price volatility, just volition inform users before taking such action and to never buy more the amount selected.

"We've been doing a lot of piece of work behind the scenes to provide our crypto customers with the functionality that they've been asking for," said Tenev. "We desire to introduce new features safely, and there'south a lot of items we have to get right from the kickoff."

Reports of the proposed characteristic come after Robinhood briefly suspended instant deposits for crypto purchases in Jan. The trading app cited "boggling market conditions" at the time, probable referring to retail investors from Reddit pumping Dogecoin (DOGE) — the token surged more than 900% at the fourth dimension and has been volatile throughout the year, rising to an all-fourth dimension high toll of $0.68 in May.

Robinhood later reported that 34% of its revenue from the offset quarter of 2022 was directly attributable to transactions for the meme-based cryptocurrency, and claimed its concern could be adversely affected "if the markets for Dogecoin deteriorate or if the price of Dogecoin declines." According to the trading app, 17% of its total revenue for the same menstruum was derived from transaction-based revenues earned from all crypto transactions, with more than nine.5 million customers trading roughly $88 billion.

Related: Robinhood COO: We have enabled more than women to trade crypto

In improver, regulators in the United States have reportedly turned their attending to the trading app. The Fiscal Industry Regulatory Authority appear in June that it would be penalizing Robinhood roughly $70 million based on the results of an investigation, alleging the app had caused "widespread and significant harm" to thousands of users and exhibited "systemic supervisory failures" starting as early on as September 2022. Robinhood said it reached an agreement-in-principle with the regulatory body to pay some of the fines on a "no admit, no deny ground."