Crypto traders on Robinhood jump six-fold to 9.5 million in first-quarter By Reuters
(Reuters) - Online brokerage Robinhood said on Thursday that 9.5 million users traded cryptocurrency on its platform during the first quarter of 2021, a near six-fold rise from the previous quarter. Bitcoin, the world's most-traded cryptocurrency, has nearly doubled in value so far this year, boosted by an increased interest from larger financial firms betting on its greater acceptance, and as a hedge against inflation. Bitcoin has also made its way into the corporate treasuries of Tesla Inc, Square (NYSE:SQ) and MicroStrategy Inc. While central banks remain skeptical of digital currencies, analysts say more...
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