Robinhood Reports Surge in Cryptocurrency Traders
- More than 9.5 million customers traded crypto on the company’s platform in Q1 of 2021.
Robinhood, a US-based financial services provider, has reported a surge in the number of cryptocurrency traders. Robinhood Crypto is currently offering trading services in different digital currencies including Bitcoin, BCH, Bitcoin SV, Dogecoin, Ethereum, Ethereum Classic and Litecoin.
According to the official announcement, more than 9.5 million customers traded cryptocurrency assets on Robinhood Crypto during the first three months of 2021, which was a significant jump from 1.7 million in Q4 of 2020.
Founded in 2013 by Vladimir Tenev, Robinhood has gained immense popularity among retail traders around the world. The financial Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term received some criticism in January 2021 when the company temporarily disabled some of the features on its app related to the trading of few stocks and cryptocurrency assets amid price Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term.
“Different assets work for different investors for different reasons. We launched Robinhood Crypto to give our customers the opportunity to buy and sell cryptocurrency in addition to the range of assets offered through our brokerage, Robinhood Financial. Since then, cryptocurrency has only continued to grow in popularity. This year in particular has been a big one. In the first quarter of 2021, 9.5 million customers traded crypto on Robinhood Crypto, compared to 1.7 million in the fourth quarter of 2020,” Robinhood mentioned in an official announcement.
Cryptocurrency Market
In addition, Robinhood highlighted the growing popularity of the cryptocurrency market and mentioned that crypto was born out of a mission to take power away from institutions and return it to the people. In an official Twitter post of February 2021, Robinhood revealed plans regarding different cryptocurrency assets including Dogecoin. The company has expanded its crypto offerings during the last few months amid growing demand from retail traders. Finance Magnates earlier reported about Robinood’s plan to expand its physical presence in the US with a new office in Charlotte.
The overall market cap of cryptocurrency assets saw a jump in the last 24 hours. The total value of the digital currency market now stands at around $1.98 trillion.
Robinhood, a US-based financial services provider, has reported a surge in the number of cryptocurrency traders. Robinhood Crypto is currently offering trading services in different digital currencies including Bitcoin, BCH, Bitcoin SV, Dogecoin, Ethereum, Ethereum Classic and Litecoin.
According to the official announcement, more than 9.5 million customers traded cryptocurrency assets on Robinhood Crypto during the first three months of 2021, which was a significant jump from 1.7 million in Q4 of 2020.
Founded in 2013 by Vladimir Tenev, Robinhood has gained immense popularity among retail traders around the world. The financial Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term received some criticism in January 2021 when the company temporarily disabled some of the features on its app related to the trading of few stocks and cryptocurrency assets amid price Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term.
“Different assets work for different investors for different reasons. We launched Robinhood Crypto to give our customers the opportunity to buy and sell cryptocurrency in addition to the range of assets offered through our brokerage, Robinhood Financial. Since then, cryptocurrency has only continued to grow in popularity. This year in particular has been a big one. In the first quarter of 2021, 9.5 million customers traded crypto on Robinhood Crypto, compared to 1.7 million in the fourth quarter of 2020,” Robinhood mentioned in an official announcement.
Cryptocurrency Market
In addition, Robinhood highlighted the growing popularity of the cryptocurrency market and mentioned that crypto was born out of a mission to take power away from institutions and return it to the people. In an official Twitter post of February 2021, Robinhood revealed plans regarding different cryptocurrency assets including Dogecoin. The company has expanded its crypto offerings during the last few months amid growing demand from retail traders. Finance Magnates earlier reported about Robinood’s plan to expand its physical presence in the US with a new office in Charlotte.
The overall market cap of cryptocurrency assets saw a jump in the last 24 hours. The total value of the digital currency market now stands at around $1.98 trillion.