On April 8, trading operations provider Robinhood published a blog post announcing that in the Q1 of 2021 the number of customers of its crypto trading service reached 9.5 million.
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In the last quarter of the previous year, this number was 1.7 million. In March the company said that since the beginning of the year the number of woman traders had grown seven times.
Robinhood was established in 2013 in California. It offers purchasing stocks, ETFs, and options through Robinhood Financial LLC. Robinhood Crypto was launched in 2018. The subsidiary is licensed by the New York State Department of Financial Services.
Currently, it supports the trading of seven cryptocurrencies: Bitcoin, Bitcoin Cash, Bitcoin SV, Dogecoin, Ethereum, Ethereum Classic, and Litecoin. On March 23, the company has filed for an IPO with the SEC in confidence. Robinhood considers listing the shares on Nasdaq in case it gets approval.