Robinhood Adds 9.5 Million New Crypto Users As Mainstream Adoption Continues

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As cryptocurrencies continue to surge to new highs and bask in the media’s limelight, Robinhood reported major growth in the number of users trading crypto on their platform. According to their blog post, the California-based broker saw its crypto user base grow to an all-time high of 9.5 million — up approximately 558% from 1.7 million in the previous quarter. Robinhood began offering cryptocurrencies on its platform back in 2018. Since then, its offerings have grown to include Bitcoin, Ethereum, Litecoin, Dogecoin and Ripple, among others. The company recorded six million new customers on its crypto platform in the first two months of 2021 — a milestone growth considering the platform only saw an average 200,000 customers on a monthly basis. “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… But there’s…

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