THELOGICALINDIAN - Robinhoods Crypto analysis saw a massive fasten in its userbase
Robinhood Crypto appear that it had added added than six actor new crypto users in aloof two months.
Robinhood Shakes Off GameStop Saga
The accepted trading app saw added than 3 actor users accompany its crypto analysis in January and addition 2.9 actor in February this year. Last year, Robinhood added almost 200,000 users per ages on average, with a aiguille of ~401,000 users per month.
The boilerplate transaction admeasurement has additionally developed to ~$500 as well.
At present, Robinhood Crypto offers trading in seven cryptocurrencies. These abide of Bitcoin, Bitcoin Cash, Bitcoin SV, Dogecoin, Ethereum, Ethereum Classic, and Litecoin. However, in backward January, the close briefly halted all crypto trading due to allowance abode apropos revolving about the r/wallstreetbets frenzy.
The close suffered abrogating PR due to the Gamestop saga. Their CEO Vladimir Tenev additionally had to testify afore Congress beforehand this ages to ameliorate the Reddit-fueled craze.
On Feb.18, the close announced that they would acquiesce users to abjure their cryptocurrencies. Currently, users’ funds are captivated in Robinhood’s careful wallet and cannot be withdrawn.
The columnist didn’t authority crypto mentioned in this commodity at the time of press.
