Robinhood added 6 million crypto users in last two months
By John McCrank
NEW YORK (Reuters) – Online brokerage Robinhood on Thursday said 6 million new users signed up for its cryptocurrency suppliers in the first two months of 2021 amid bigger retail shopping for and promoting volumes and sharp rises in the prices of cryptocurrencies like (*6*) and (*6*).
In 2020, Robinhood’s crypto division averaged about 200,000 new purchasers shopping for and promoting on its platform per thirty days, the company said in a weblog submit.
A Robinhood spokeswoman declined to say what variety of basic purchasers commerce cryptocurrencies by the app, which moreover presents stock and selections shopping for and promoting.
The worth of (*6*), the world’s largest cryptocurrency, rose better than 300% in 2020 and this month hit a file extreme of $58,354 with a market capitalization above $1 trillion, nonetheless has since come off its highs.
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