{"id":40460,"date":"2021-04-09T11:09:31","date_gmt":"2021-04-09T08:09:31","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=40460"},"modified":"2025-08-30T14:12:56","modified_gmt":"2025-08-30T11:12:56","slug":"robinhoods-crypto-platform-user-base-grew-by-a-factor-of-5-6-in-q1","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/robinhoods-crypto-platform-user-base-grew-by-a-factor-of-5-6-in-q1\/","title":{"rendered":"Robinhood&#8217;s crypto-platform user base grew by a factor of 5.6 in Q1"},"content":{"rendered":"<p>The number of users of Robinhood&#8217;s mobile app for cryptocurrency trading rose in the first quarter of this year from 1.7 million to 9.5 million.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">It&#8217;s a big year for crypto. In Q1 2021, 9.5 million customers traded crypto on Robinhood Crypto, compared to 1.7 million in Q4 2020. \ud83d\udca5 Read about why crypto is core to our mission: <a href=\\\"https:\/\/t.co\/4aaCvmksa3\\\">https:\/\/t.co\/4aaCvmksa3<\/a><\/p>\n<p>\u2014 Robinhood (@RobinhoodApp) <a href=\\\"https:\/\/twitter.com\/RobinhoodApp\/status\/1380233499634921478?ref_src=twsrc%5Etfw\\\">April 8, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>The startup explained the dynamics behind the growing popularity of cryptocurrencies, noting the market-cap milestone at <a href=\"https:\/\/u1f987.com\/en\/news\/cryptocurrency-market-capitalization-surpasses-2-trillion\">$2 trillion<\/a>.<\/p>\n<p>Another driver could have been the buzz around <a href=\"https:\/\/u1f987.com\/en\/news\/skybridge-capital-chief-calls-gamestop-stock-pump-a-positive-sign-for-bitcoin\">three-digit growth in GameStop&#8217;s shares<\/a> and the Reddit community r\/WallStreetBets. Its followers on the crypto market, r\/SatoshiStreetBets <a href=\"https:\/\/u1f987.com\/en\/news\/dogecoin-climbs-200-in-a-day-overtaking-eos-in-market-capitalisation\">triggered<\/a> a surge in Dogecoin, which in a 24-hour period in January <a href=\"https:\/\/u1f987.com\/en\/news\/dogecoin-enters-the-top-10-cryptocurrencies-by-market-capitalization\">rose by 1000%<\/a>.<\/p>\n<p>The app, launched three years ago, supports trading Bitcoin, Bitcoin Cash, Bitcoin SV, Dogecoin, Ethereum, Ethereum Classic and Litecoin.<\/p>\n<p>According to <a href=\\\"https:\/\/www.bloomberg.com\/news\/articles\/2021-04-07\/robinhood-is-said-to-seek-more-bank-credit-ahead-of-planned-ipo\\\" target=\\\"_blank\\\" rel=\\\"noreferrer noopener\\\">Bloomberg<\/a>, in anticipation of <a href=\"https:\/\/u1f987.com\/en\/news\/robinhood-files-for-ipo\">IPO on the exchange<\/a>, the online broker plans to obtain a loan to ensure a stable level of liquidity.<\/p>\n<p>Earlier, the derivatives exchange FTX added to listing <a href=\"https:\/\/u1f987.com\/en\/news\/ftx-launches-futures-on-robinhood-stock-price-ahead-of-ipo\">futures contracts<\/a> on Robinhood&#8217;s future stock price.<\/p>\n<p>In March 2021, Robinhood announced the addition of a <a href=\"https:\/\/u1f987.com\/en\/news\/robinhood-to-add-cryptocurrency-wallet-to-its-service\">cryptowallet<\/a> to the service, and <a href=\"https:\/\/u1f987.com\/en\/news\/robinhood-appoints-former-google-chief-executive-aparna-chennapragada-as-director-of-product\">hired<\/a> a former Google executive. The latter will handle regulatory settlements that could lead to a penalty of <a href=\"https:\/\/u1f987.com\/en\/news\/robinhood-values-finra-settlement-at-26-6-million\">$26.6 million<\/a>.<\/p>\n<p> Subscribe to ForkLog news on <a href=\\\"https:\/\/vk.com\/forklogcom\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">VK<\/a>! <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The number of users of Robinhood&#8217;s mobile app for cryptocurrency trading rose in the first quarter of this year from 1.7 million to 9.5 million.<\/p>\n","protected":false},"author":1,"featured_media":40461,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1269,1234],"class_list":["post-40460","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrencies","tag-robinhood"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/40460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=40460"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/40460\/revisions"}],"predecessor-version":[{"id":40462,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/40460\/revisions\/40462"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/40461"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=40460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=40460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=40460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}