Joen Coronel, 09 April 2021
On Thursday, Apr. 8, Robinhood announced a staggering surge in the number of its customers who engage in cryptocurrency trading. The financial services company which was founded on Apr. 18, 2013, has recorded that 9.5 million people have used the platform during the first quarter of this year.
The said number shoots up to a stupendous 458% increase in users, which only accounts for 1.7 million in 2020’s Q4.
How Robinhood Sudden Became Popular in Crypto Trading
The Menlo Park-headquartered discount brokerage wrote in its blog post on Friday, Apr. 9 that it has observed the escalating trend in the number of its users who engage in crypto trading. Over the past three months, Robinhood’s market cap has skyrocketed to more than $2 trillion, a double increase during that time.
