IrisApp has introduced limit orders for automated trading on Robinhood Chain, the company said. The feature lets users set buy or sell orders at a specific price. When the market hits that price, the order executes automatically.
How the new feature works
Limit orders are a standard tool in traditional finance. They give traders control over entry and exit points without constant monitoring. On IrisApp, users can now create these orders on Robinhood Chain. The platform handles the execution once the price condition is met.
The company did not disclose the exact launch date or any technical details about the order matching system. It also did not say whether the feature is available to all users immediately or being rolled out gradually.
Robinhood Chain is a blockchain-based trading network. Adding limit orders brings a key capability to its ecosystem. Traders who rely on automated strategies can now set and forget orders. This could reduce the need to stare at screens all day.
But the announcement is brief. There is no word on fees, order types beyond basic limit orders, or whether the feature supports stop-loss or take-profit logic. Users will have to test the feature themselves to see how it performs under real market conditions.
Broader context for automated trading
Automated trading has grown rapidly in crypto markets. Many platforms offer bots and algorithmic tools. IrisApp's move into limit orders on Robinhood Chain is a step toward competing with more established trading apps. Still, the company has not said if it plans to add more advanced order types or integrate with external trading bots.
The launch comes as Robinhood Chain continues to expand its user base. The chain's focus on low fees and fast settlement makes it attractive for retail traders. Adding limit orders could help retain users who want more control over their trades.
IrisApp did not provide a timeline for future updates. The company also did not respond to requests for comment. For now, users can start setting limit orders and see how the feature fits their trading style.
