Robinhood Says 9.5M Customers Traded Crypto in Q1, Up From 1.7M in Q4

The company also said its crypto team has more than tripled in number this year, with more to come.

By Kevin Reynolds

Apr 8, 2021 at 7:40 p.m. UTC

Updated Sep 14, 2021 at 12:38 p.m. UTC

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.

Secure Your Seat

Kevin Reynolds

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.

Secure Your Seat

Online brokerage app Robinhood said on Thursday that 9.5 million customers traded cryptocurrencies in Q1, up from 1.7 million in Q4.

In a blog post titled "How Crypto Fits Into Robinhood's Mission," the company also said its crypto team has more than tripled in number this year and continues to increase.
Robinhood Crypto offers seven tradable coins: bitcoin (BTC), bitcoin cash (BCH), bitcoin sv (BSV), dogecoin (DOGE), ethereum (ETH), ethereum classic (ETC) and litecoin (LTC).
The millennial-friendly investment platform has reportedly confidentially filed for an initial public offering that would include a listing on the Nasdaq.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Kevin Reynolds

Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.

Kevin Reynolds