Robinhood Bitcoin Trading Spikes – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

Financial services company Robinhood has announced that in the first quarter of the year, the number of its customers who traded cryptocurrency spiked to an all-time high of 9.5 million, up from 1.7 million in the fourth quarter of 2020.

The increase is an indication that the hype around cryptocurrency, particularly bitcoin, is driving significant growth in retail investment. Robinhood offers bitcoin, dogecoin, ether and other cryptocurrencies, but it’s likely that this spike is largely due to bitcoin trading, as this constitutes the vast majority of exchange volume.

Read More