How does Robinhood calculate the total investing value of cryptocurrencies?

3 answers

• May 13, 2022 · 3 years ago
  Robinhood calculates the total investing value of cryptocurrencies by multiplying the quantity of each cryptocurrency held in the portfolio by its current market price. This gives the individual value of each cryptocurrency. The individual values are then summed up to get the total investing value of cryptocurrencies in the portfolio. It's a simple and straightforward calculation that provides an accurate representation of the portfolio's worth.
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• May 13, 2022 · 3 years ago
  To calculate the total investing value of cryptocurrencies on Robinhood, the platform takes into account the quantity of each cryptocurrency you hold and multiplies it by the current market price of that cryptocurrency. This calculation is performed for each cryptocurrency in your portfolio, and the individual values are then added together to give you the total investing value. It's important to note that the market prices used for this calculation are updated in real-time to provide you with the most accurate value.
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• May 13, 2022 · 3 years ago
  Robinhood calculates the total investing value of cryptocurrencies by considering the quantity of each cryptocurrency and its current market price. The platform uses real-time market data to ensure accurate calculations. It's worth mentioning that there are other platforms, like BYDFi, that also provide similar functionality for calculating the total value of cryptocurrencies in an investment portfolio.
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